The Hershey Company: Beat — EPS $2.64, Revenue $3.28B
Earnings BeatQ3 2026 · Pre-market
Did The Hershey Company (HSY) beat earnings today?
Yes, The Hershey Company (HSY) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+25.12% surprise
$2.64Actual
Expected: $2.11
vs. year ago +103.1%
Total Revenue+0.78% surprise
$3.28BActual
Expected: $3.25B
vs. year ago +3.0%
Released Oct 29 · 6:45 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $3.28B | $3.18B | +3.0% |
| Revenue detail — reported lines | |||
| └─North America Confectionery | $2.66B | $2.62B | +1.6% |
| └─North America Salty Snacks | $392.68M | $321.02M | +22.3% |
| └─International | $226.37M | $244.80M | -7.5% |
| Net Income | $580.81M | $276.32M | +111.8% |
| GAAP Basic EPS | $2.96 | $1.40 | +111.4% |
| GAAP Diluted EPS | $2.88 | $1.36 | +111.8% |
| GAAP Basic Class B EPS | $2.69 | $1.27 | +111.8% |
| Non-GAAP Diluted EPS | $2.64 | $1.30 | +103.1% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Net sales growth | — | ~5% (prev. 4.5% to 5%) |
| Organic net sales growth | — | ~3% (prev. 3% to 3.5%) |
| Reported earnings per share growth | — | 84% to 90% (prev. 82% to 89%) |
| Adjusted earnings per share growth | — | 36% to 38.5% (prev. 32.5% to 35%) |
| Other expense | — | ~$5M-$10M |
| Interest expense | — | ~$200M |
| Capital expenditures | — | ~$450M |
| Advancing Agility & Automation Initiative savings | — | ~$100M |
| Reported EPS – Diluted | — | $8.00-$8.26 |
| Adjusted EPS – Diluted | — | $8.58-$8.74 |
Business Highlights
- ➤Demand-creation initiatives gained momentum in the second half.
- ➤The LesserEvil acquisition contributed to North America Salty Snacks growth.
- ➤U.S. salty snacks retail takeaway, excluding LesserEvil, increased and gained market share.
- ➤Integration continued for LesserEvil in North America Salty Snacks.
- ➤Integration continued for the Sour Strips brand in North America Confectionery.
- ➤The Advancing Agility & Automation Initiative targets supply-chain, manufacturing and process simplification.
- ➤The company continued capability and technology investments.
- ➤North America Confectionery faced comparison against a prior-year Reese innovation launch.
Management Commentary
Kirk Tanner, President and Chief Executive Officer
“Our third-quarter results show steady progress on our 2026 priorities. Our second-half demand creation initiatives are gaining momentum, even as consumers grow more cautious. We remain on track to deliver solid sales growth, a meaningful recovery in margin and earnings, and disciplined investment to fuel our next chapter of growth.”