earnings
confidence high
sentiment negative
materiality 0.75
Hershey Q3 net sales +6.5% to $3.18B, adj EPS $1.30 (-44%); raises FY25 guidance
HERSHEY CO
- Q3 consolidated net sales $3,181.4M (+6.5% YoY); organic constant currency net sales +6.2%.
- Reported diluted EPS $1.36 (-38.2%); adjusted diluted EPS $1.30 (-44.4%).
- Reported gross margin 32.6% (-870 bps), adjusted 31.8% (-850 bps) due to higher tariffs and commodities.
- Segment income: N.A. Confectionery -21.2% ($571.5M), Salty Snacks +6.9% ($57.7M), International loss $13.6M.
- FY25 guidance raised: net sales growth ~3% (from ≥2%), adj EPS growth narrowed to down 36%-37%.