secwatch.observer — SEC 8-K summary
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Issuer:     HERSHEY CO (HSY)
CIK:        0000047111
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000047111-23-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47111/000004711123000055/0000047111-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47111/000004711123000055/hsy-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000047111-23-000055

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