earnings
confidence high
sentiment negative
materiality 0.80
Hershey Q1 net sales down 13.8%; adjusted EPS $2.09 (-31.9%); FY outlook reaffirmed with tariff uncertainty
HERSHEY CO
- Net sales $2.805B (-13.8% YoY); reported EPS $1.10 (-71.7%); adjusted EPS $2.09 (-31.9%).
- Volume declined ~15 points from ERP inventory lap, Easter timing, and 2 fewer shipping days.
- North America Confectionery net sales -15% (volume -18pts); Salty Snacks +1% (volume +4pts, price -3pts).
- FY2025 outlook: net sales growth at least 2%; adjusted EPS down mid-30% range; excludes future tariffs.
- Expects Q2 tariff expense ~$15-20M; other expense ~$170-180M; interest ~$185-190M.