---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-23-000055"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:10:10.150860+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hershey Q2 net sales up 5.0%, adjusted EPS $2.01; raises 2023 adj. EPS guidance

## Summary
- Q2 net sales $2,490M (+5.0% YoY); organic constant currency +5.0% on price realization.
- Reported net income $407M ($1.98 EPS), +29.4%; adjusted EPS $2.01, +11.7% YoY.
- Updated FY2023 outlook: net sales growth ~8%, adj. EPS growth raised to 11-12% (from ~11%), reported EPS growth lowered to 13-15% (from ~15%).
- NA Confectionery segment net sales +4.4% to $1,993M; NA Salty Snacks +6.3% to $272M; International +8.5% to $225M.
- Dividend increased 15% as part of earnings release; gross margin expanded 340 bps reported (130 bps adjusted).

## SEC filing metadata
- accession: 0000047111-23-000055
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47111/000004711123000055/0000047111-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711123000055/hsy-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-23-000055
- JSON: https://secwatch.observer/filing/0000047111-23-000055.json
- Plain text: https://secwatch.observer/filing/0000047111-23-000055.txt

## Key facts
- Earnings Releases
  HERSHEY CO reported second quarter ended July 2, 2023 results: revenue $2,490.3 million, net income $407.0 million, EPS $1.98 per share-diluted. Guidance raised.
  - Period: second quarter ended July 2, 2023
  - Revenue: $2,490.3 million
  - Net income: $407.0 million
  - EPS: $1.98 per share-diluted
  - Guidance: raised
  - Result: reported results
  source text: Consolidated net sales of $2,490.3 million, an increase of 5.0%. • Organic, constant currency net sales increased 5.0%. • Reported net income of $407.0 million, or $1.98 per share-diluted, an increase of 29.4%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711123000055/0000047111-23-000055-index.htm

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