
• Reported GAAP EPS of $2.19 up 92.11% YoY • Reported revenue of $3.1B up 10.65% YoY • Hershey reaffirmed its 2026 full-year outlook, projecting net sales growth of 4% to 5% and organic net sales growth of 2.5% to 3.5%. The company also expects adjusted earnings per share growth of 30% to 35%.
Bullish
Hershey achieved strong Q1 2026 results with consolidated net sales up 10.6% and reported net income increasing 93.6%. The company also expanded its reported gross margin by 570 basis points.
Bearish
Hershey experienced a decline in U.S. CMG market share due to competition, an 80 basis point decrease in adjusted gross margin from higher costs, and an 18.1% drop in Salty Snacks segment income.