Hershey Q3 Sales Rise 3% as Adjusted EPS Jumps 103.1%; 2026 Outlook Updated
On October 29, Hershey reported third-quarter 2026 net sales of $3,275.5 million, up 3.0%, and adjusted diluted EPS of $2.64, up 103.1%. Organic, constant-currency net sales increased 0.8%, while reported net income reached $580.8 million, or $2.88 per diluted share. Hershey raised its 2026 reported sales growth outlook to ~5% and adjusted EPS growth outlook to 36% to 38.5%, but reduced its organic sales growth outlook to ~3%.
Why it matters
The update indicates stronger expected profit growth alongside a lower underlying organic-sales outlook. Reported sales were supported by pricing and acquisition effects while organic volume and mix declined approximately 10 points in the quarter, highlighting continued consumer demand pressure.
Key facts
- 1Third-quarter consolidated net sales were $3,275.5 million, up 3.0%, and organic, constant-currency net sales increased 0.8%. prnewswire.com
- 2Adjusted diluted EPS was $2.64, up 103.1%, while reported diluted EPS was $2.88, up 111.8%. prnewswire.com
- 3Hershey changed 2026 reported net sales growth guidance from 4.5% to 5% to ~5%, and organic net sales growth guidance from 3% to 3.5% to ~3%. sec.gov
- 4The company raised 2026 reported EPS growth guidance from 82% to 89% to 84% to 90%, and adjusted EPS growth guidance from 32.5% to 35% to 36% to 38.5%. sec.gov
- 5Hershey reported $580.8 million of third-quarter net income and nine-month net sales of $9,167.0 million, up 6.6%. prnewswire.com
Summary written by AlphAI AI Desk from 20 of 20 sources. Not investment advice. Figures are as stated by the linked sources.