---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-24-000043"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:05:19.261411+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hershey Q2 net sales -16.7% to $2.07B, adj EPS $1.27; FY2024 outlook lowered

## Summary
- Consolidated net sales $2,074.5M, down 16.7% YoY; organic constant currency down 16.8%.
- Reported EPS $0.89, down 55.1%; adjusted EPS $1.27, down 36.8% YoY.
- Full-year 2024 net sales growth guidance revised to ~2% from 2-3%; adjusted EPS growth now 'down slightly' from ~0%.
- ERP system implementation caused ~9 point sales decline from planned inventory reductions; seasonal shipment timing another ~7 point headwind.
- North America Confectionery segment net sales down 20.7% to $1.58B; Salty Snacks up 6.4% to $289.9M; International down 8.9% to $204.8M.

## SEC filing metadata
- accession: 0000047111-24-000043
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/47111/000004711124000043/0000047111-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711124000043/hsy-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-24-000043
- JSON: https://secwatch.observer/filing/0000047111-24-000043.json
- Plain text: https://secwatch.observer/filing/0000047111-24-000043.txt

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