Hershey Q2 net sales up 6.6% to $2.79B; adjusted EPS $1.90 (+57%); narrows FY guidance upward

HERSHEY CO

Q2 net sales $2,787.3M (+6.6% reported, +3.6% organic constant currency); reported EPS $2.26 (up 629%), adjusted EPS $1.90 (up 57%).
North America Confectionery net sales +4.2% (price +14%, volume -10%); segment margin +830bps to 32.5%.
North America Salty Snacks net sales +22.9% (LesserEvil acquisition contributed ~22pts); organic constant currency +0.6%; segment margin -500bps to 16.1%.
International net sales +5.7% (organic constant currency +2.1%); segment loss $5.1M vs loss $30M prior year.
FY 2026 guidance narrowed: net sales growth 4.5%-5% (prior 4%-5%), organic net sales growth 3%-3.5% (prior 2.5%-3.5%), adjusted EPS growth 32.5%-35% (prior 30%-35%).

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