---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-24-000020"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:27:03.021968+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hershey Q1 net sales up 8.9% to $3.25B; adjusted EPS $3.07 vs $2.96 YoY

## Summary
- Reported net income $797.5M ($3.89 diluted EPS) up 36.5% YoY; adjusted EPS $3.07 up 3.7%.
- Organic constant currency net sales +8.6% driven by price (+5.2%) and volume/mix (+3.4%).
- Adjusted gross margin 44.9% down 170bps; adjusted operating margin 26.5% down 130bps on commodity costs.
- North America Confectionery sales +10.4% lifted by ERP pull-forward shipments expected to reverse in Q2.
- Reaffirms FY2024 guidance: net sales growth 2-3%, adjusted EPS ~$9.59 (flat).

## SEC filing metadata
- accession: 0000047111-24-000020
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47111/000004711124000020/0000047111-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711124000020/hsy-20240503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-24-000020
- JSON: https://secwatch.observer/filing/0000047111-24-000020.json
- Plain text: https://secwatch.observer/filing/0000047111-24-000020.txt

## Key facts
- Earnings Releases
  HERSHEY CO reported the first quarter ended March 31, 2024 results: revenue $3,252.7 million, net income $797.5 million, EPS $3.89 per share-diluted. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $3,252.7 million
  - Net income: $797.5 million
  - EPS: $3.89 per share-diluted
  - Guidance: reaffirmed
  - Result: reported results
  source text: we remain committed to strategies that drive long-term growth and sustainable value creation.” First-Quarter 2024 Financial Results Summary 1 • Consolidated net sales of $3,252.7 million, an increase of 8.9%. • Organic, constant currency net sales increased 8.6%. • Reported net income of $797.5 million, or $3.89 per share-diluted, an increase of 36.5%. • Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000004711124000020/0000047111-24-000020-index.htm

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