earnings
confidence high
sentiment negative
materiality 0.80
Hershey Q2 sales up 26% to $2.61B but adjusted EPS down 4.7% to $1.21; cuts FY2025 adj. EPS guidance
HERSHEY CO
- Consolidated net sales $2,614.7M (+26.0%); organic constant currency +26.3% driven by ERP inventory lap and Easter timing.
- Reported EPS $0.31 (-65.2%); adjusted EPS $1.21 (-4.7%) as higher commodity/manufacturing costs and derivative losses offset gains.
- FY2025 adjusted EPS growth outlook cut to down 36%-38% from down mid-30%; expects ~$170-180M tariff expense.
- NA Confectionery net sales +32% to $2.09B; segment income +8.5%, margin down 520 bps to 24.2%.
- Salty Snacks net sales +8.8% to $315.5M; segment income +27.4%, margin up 310 bps to 21.1%.
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