---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-23-000003"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:53:18.061590+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hershey Q4 net sales up 14% to $2.65B; adjusted EPS $2.02, +19.5%; guides FY2023 6-8% sales growth

## Summary
- Q4 net sales $2,652M (+14% YoY); organic constant currency +10.7% (price +8.5pts, volume +2.2pts).
- Q4 reported EPS $1.92 (+18.5%), adjusted EPS $2.02 (+19.5%).
- FY2022 net sales $10,419M (+16.1%), adjusted EPS $8.52 (+18.5%).
- 2023 outlook: net sales +6-8%, adjusted EPS +9-11% ($9.29-$9.46).

## SEC filing metadata
- accession: 0000047111-23-000003
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47111/000004711123000003/0000047111-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711123000003/hsy-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-23-000003
- JSON: https://secwatch.observer/filing/0000047111-23-000003.json
- Plain text: https://secwatch.observer/filing/0000047111-23-000003.txt

## Key facts
- Earnings Releases
  HERSHEY CO reported the full-year ended December 31, 2022 results: revenue $10,419.3 million, net income $1,644.8 million, EPS $7.96 per share-diluted.
  - Period: the full-year ended December 31, 2022
  - Revenue: $10,419.3 million
  - Net income: $1,644.8 million
  - EPS: $7.96 per share-diluted
  - Result: reported results
  source text: the impact from the 2021 acquisitions of Pretzels Inc. (Pretzels) and Dot’s Pretzels, LLC (Dot’s). 1 2022 Full-Year Financial Results Summary 3 • Consolidated net sales of $10,419.3 million, an increase of 16.1%. • Organic, constant currency net sales increased 12.0%. • The net impact of acquisitions on net sales was a 4.3-point benefit 4 while foreign currency
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711123000003/0000047111-23-000003-index.htm
- Earnings Releases
  HERSHEY CO updated its the full year ending December 31, 2023 guidance (initiated).
  - Period: the full year ending December 31, 2023
  - Guidance: initiated
  - Result: guidance update
  source text: Hershey Reports Fourth-Quarter and Full-Year 2022 Financial Results; Provides 2023 Outlook
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711123000003/0000047111-23-000003-index.htm
- Earnings Releases
  HERSHEY CO reported the fourth quarter ended December 31, 2022 results: revenue $2,652.3 million, net income $396.3 million, EPS $1.92 per share-diluted.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $2,652.3 million
  - Net income: $396.3 million
  - EPS: $1.92 per share-diluted
  - Result: reported results
  source text: in 2023 as we invest in our amazing portfolio of brands, additional capacity and capabilities.” Fourth-Quarter 2022 Financial Results Summary 1 • Consolidated net sales of $2,652.3 million, an increase of 14.0%. • Organic, constant currency net sales increased 10.7%. • The impact of acquisitions on net sales was a 3.6-point benefit 2 while foreign currency exchange
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711123000003/0000047111-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.