secwatch.observer — SEC 8-K summary
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Issuer:     HERSHEY CO (HSY)
CIK:        0000047111
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000047111-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47111/000004711123000030/0000047111-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47111/000004711123000030/hsy-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000047111-23-000030

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