---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-24-000053"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:02:58.188001+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hershey Q3 net sales -1.4%, EPS $2.20; cuts 2024 outlook on cocoa costs

## Summary
- Consolidated net sales $2,987.5M (-1.4%); adjusted EPS $2.34 (-10.0%); reported EPS $2.20 (-12.7%).
- North America Confectionery net sales +0.8% but segment income -14.5% on higher cocoa costs; Salty Snacks net sales -15.5% due to ERP inventory lap.
- Full-year 2024 guidance cut: net sales growth flat (prior ~2%), adjusted EPS growth down mid-single-digits (prior down slightly).
- Management cites historically high cocoa prices and challenging consumer environment as key headwinds.
- International segment net sales -3.9% to $218.4M; segment profit down $17.5M to $14.2M.

## SEC filing metadata
- accession: 0000047111-24-000053
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2024-11-07T23:59:59+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/47111/000004711124000053/0000047111-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711124000053/hsy-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-24-000053
- JSON: https://secwatch.observer/filing/0000047111-24-000053.json
- Plain text: https://secwatch.observer/filing/0000047111-24-000053.txt

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