HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL sold $3.7M of HSY

Hershey (HSY) reported Q2 2026 consumption up 3% but said nonmeasured channels understated demand by about 2 points. It reaffirmed full-year adjusted EPS growth of 30% to 35% and net sales growth of 4% to 5%, with organic sales 2.5% to 3.5%. Q1 net sales were $3.1B and adjusted EPS $2.35. Capex is $425M to $475M.

Hershey Co. said it plans major 2H 2026 product launches and seasonal promotions, expecting higher brand investment and innovation spending. On Q2 ended June 28, net income rose to $457.7M ($2.32/share) and net sales to $2.78B. Confectionery sales rose 4.2% and salty snacks net sales rose 23%. Hershey raised 2026 guidance for net sales growth to 4.5% to 5% and EPS growth to 82% to 89%.

Hershey reported Q2 net sales of $2.79B, up 6.6% year on year, beating the $2.63B estimate, and adjusted EPS of $1.90 versus $1.42 expected, according to LSEG. Results reflected a 12% price increase and resilient demand for Reese’s and Dot’s, with volumes down 8%. Hershey raised the 2026 sales and profit forecast ranges and expects 2025 net sales growth of 4.5% to 5.0%.

Hershey reported Q2 revenue of $2.79B, above analysts’ $2.64B estimate, and adjusted EPS of $1.90 versus $1.43. Operating margin rose to 23.1%. Full-year adjusted EPS guidance is $8.44 midpoint. Management cited supply chain progress, channel gains, and innovation offsetting commodity and logistics pressures.

Thursday, July 30, 2026 at 8:00 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer - Kirk Tanner Senior Vice President and Chief Financial Officer - Steve Voskuil Vice President of Investor Relations - Anoori Naughton TAKEAWAYS U.S. Confection Retail Consumption -- **The Hershey Company** (HSY -3.63%) reported that consumption grew 3% in the second quarter, which management stated understated demand by 2 points due to growth in nonmeasured channels.

Hershey reported second-quarter sales and profit that exceeded Wall Street estimates on Thursday, driven by higher prices and robust demand for its Reese’s chocolates and Dot’s Pretzels despite a challenging spending environment. The confectionery maker has spent the past year raising prices to counter elevated cocoa costs, leaving investors focused on the resilience of demand for its chocolate products.