---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-23-000063"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:05:15.546127+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hershey Q3 net sales +11.1% to $3.03B; EPS $2.52/$2.60; reaffirms FY guidance

## Summary
- Q3 net sales $3.03B, +11.1% YoY; organic constant currency +10.7% on price realization and salty snack inventory build.
- Reported EPS $2.52 (up 29.9%); adjusted EPS $2.60 (up 19.8%). Both exceed prior year.
- North America Confectionery net sales +9.9%; CMG takeaway +2.5%; share down ~120bps on competitive innovation.
- North America Salty Snacks net sales +25.5%, volume +22.2% (planned ERP inventory); Paqui removal cost ~$10M.
- Reaffirmed FY2023 outlook: net sales growth ~8%, adjusted EPS growth 11-12%, capex $800-850M, tax rate ~15%.

## SEC filing metadata
- accession: 0000047111-23-000063
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2023-10-26T23:59:59+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/47111/000004711123000063/0000047111-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711123000063/hsy-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-23-000063
- JSON: https://secwatch.observer/filing/0000047111-23-000063.json
- Plain text: https://secwatch.observer/filing/0000047111-23-000063.txt

## Key facts
- Earnings Releases
  HERSHEY CO updated its the third quarter ended October 1, 2023 guidance (reaffirmed).
  - Period: the third quarter ended October 1, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On October 26, 2023, The Hershey Company (the “Company”) announced sales and earnings information for the third quarter ended October 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711123000063/0000047111-23-000063-index.htm

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