---
schema_version: "secwatch.filing_event.v1"
accession: "0000047111-25-000040"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:22:10.430820+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hershey Q1 net sales down 13.8%; adjusted EPS $2.09 (-31.9%); FY outlook reaffirmed with tariff uncertainty

## Summary
- 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.

## SEC filing metadata
- accession: 0000047111-25-000040
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2025-05-01T23:59:59+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/47111/000004711125000040/0000047111-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000004711125000040/hsy-20250501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000047111-25-000040
- JSON: https://secwatch.observer/filing/0000047111-25-000040.json
- Plain text: https://secwatch.observer/filing/0000047111-25-000040.txt

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