---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-23-000030"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:46:13.800072+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hershey Q1 2023: EPS $2.96 adj, +17%; raises full-year outlook to high end

## Summary
- Consolidated net sales $2,987.6M, +12.1% YoY; organic constant currency net sales +12.2%.
- Adjusted EPS $2.96, +17.0% YoY; adjusted gross margin 46.6% (+80bps); adjusted operating margin 27.8% (+120bps).
- North America Confectionery net sales +10.6% to $2,452.2M; Salty Snacks +19.4% to $270.0M; International +19.0% to $265.5M.
- Full-year outlook raised: net sales growth ~8%, reported EPS growth ~15%, adj. EPS growth ~11%.
- Segment income: NA Confectionery +13.5% to $887.8M; NA Salty Snacks +119.7% to $46.8M; International +$13.0M to $55.0M.

## SEC filing metadata
- accession: 0000047111-23-000030
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47111/000004711123000030/0000047111-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711123000030/hsy-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-23-000030
- JSON: https://secwatch.observer/filing/0000047111-23-000030.json
- Plain text: https://secwatch.observer/filing/0000047111-23-000030.txt

## Key facts
- Earnings Releases
  HERSHEY CO reported the first quarter ended April 2, 2023 results: revenue $2,987.6 million, net income $587.2 million, EPS $2.85 per share-diluted. Guidance raised.
  - Period: the first quarter ended April 2, 2023
  - Revenue: $2,987.6 million
  - Net income: $587.2 million
  - EPS: $2.85 per share-diluted
  - Guidance: raised
  - Result: reported results
  source text: commercial, supply chain, and operational strategies to sustain our momentum into 2024 and beyond.” First-Quarter 2023 Financial Results Summary 1 • Consolidated net sales of $2,987.6 million, an increase of 12.1%. • Organic, constant currency net sales increased 12.2%. • Foreign currency exchange was a 0.1-point headwind. • Reported net income of $587.2 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711123000030/0000047111-23-000030-index.htm

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