Hershey Co (HSY) stock
Close on Oct 30, 2026Market cap $33.28BP/E –Yield –
Earnings
Hershey's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Hershey's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 4, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 27, 2026 | Oct 29, 2026before the open | $3.28B | +3.0% | $2.88 | $2.64 | Release |
| Q2 FY2026ended Jun 28, 2026 | Jul 30, 2026before the open | $2.79B | +6.6% | $2.26 | $1.90 | Release |
| Q1 FY2026ended Mar 29, 2026 | Apr 30, 2026before the open | $3.10B | +10.7% | $2.13 | $2.35 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 5, 2026before the open | $3.09B | +7.0% | $1.57 | $1.71 | Release |
| Q3 FY2025ended Sep 28, 2025 | Oct 30, 2025before the open | $3.18B | +6.5% | $1.36 | $1.30 | Release |
| Q2 FY2025ended Jun 29, 2025 | Jul 30, 2025before the open | $2.61B | +26.0% | $0.31 | $1.21 | Release |
| Q1 FY2025ended Mar 30, 2025 | May 1, 2025before the open | $2.81B | -13.8% | $1.10 | $2.09 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 6, 2025before the open | $2.89B | +8.7% | $3.92 | $2.69 | Release |
| Q3 FY2024ended Sep 29, 2024 | Nov 7, 2024before the open | $2.99B | -1.4% | $2.20 | $2.34 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 1, 2024before the open | $2.07B | -16.7% | $0.89 | $1.27 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 3, 2024before the open | $3.25B | +8.9% | $3.89 | $3.07 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 8, 2024before the open | $2.66B | +0.2% | $1.70 | $2.02 | Release |
| Q3 FY2023ended Oct 1, 2023 | Oct 26, 2023before the open | $3.03B | +11.1% | $2.52 | $2.60 | Release |
| Q2 FY2023ended Jul 2, 2023 | Jul 27, 2023before the open | $2.49B | +5.0% | $1.98 | $2.01 | Release |
| Q1 FY2023ended Apr 2, 2023 | Apr 27, 2023before the open | $2.99B | +12.1% | $2.85 | $2.96 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 2, 2023before the open | $2.65B | +14.0% | $1.92 | $2.02 | Release |
| Q3 FY2022ended Oct 2, 2022 | Nov 4, 2022before the open | $2.73B | +15.6% | $1.94 | $2.17 | Release |
| Q2 FY2022ended Jul 3, 2022 | Jul 28, 2022before the open | $2.37B | – | $1.53 | $1.80 | Release |
| Q1 FY2022ended Apr 3, 2022 | Apr 28, 2022before the open | $2.67B | – | $2.57 | $2.53 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 3, 2022before the open | $2.33B | – | $1.62 | $1.69 | Release |
| Q3 FY2021ended Oct 3, 2021 | Oct 28, 2021before the open | $2.36B | – | $2.14 | $2.10 | Release |
| Q2 FY2021ended Jul 4, 2021 | Jul 29, 2021before the open | – | – | – | – | Filing |
| Q1 FY2021ended Apr 4, 2021 | Apr 29, 2021before the open | – | – | – | – | Release |
| Q4 FY2020ended Dec 31, 2020 | Feb 4, 2021before the open | – | – | – | – | Release |
| Q3 FY2020ended Sep 27, 2020 | Nov 6, 2020before the open | – | – | – | – | Release |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Hershey's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Net sales growthGAAP | FY2026 | +5% | +4% – +5% | Raised | Oct 29, 2026 |
| Net sales growth | FY2026 | +4.5% – +5% | – | New | Jul 30, 2026 |
| Organic net sales growthnon-GAAP | FY2026 | +3% | +2.5% – +3.5% | Narrowed | Oct 29, 2026 |
| reported net salesGAAP | FY2026 | +4% – +5% | – | New | Feb 5, 2026 |
| Reported earnings per share growthGAAP | FY2026 | +84% – +90% | +79% – +89% | Raised | Oct 29, 2026 |
| Reported earnings per share growthGAAP | FY2026 | +82% – +89% | – | New | Jul 30, 2026 |
| Reported EPS – DilutedGAAP | FY2026 | $7.89 – $8.17 | $7.77 – $8.19 | Narrowed | Jul 30, 2026 |
| Adjusted earnings per share growthnon-GAAP | FY2026 | +36% – +38.5% | +30% – +35% | Raised | Oct 29, 2026 |
| Adjusted earnings per share growthnon-GAAP | FY2026 | +32.5% – +35% | – | New | Jul 30, 2026 |
| Adjusted EPS – Dilutednon-GAAP | FY2026 | $8.36 – $8.52 | $8.20 – $8.52 | Raised | Jul 30, 2026 |
| Capital expenditures | FY2026 | $450.00M | $425.00M – $475.00M | Narrowed | Oct 29, 2026 |
| Capital expenditures | FY2026 | $425.00M – $475.00M | $425.00M – $475.00M | Reaffirmed | Jul 30, 2026 |
| Advancing Agility & Automation Initiative savings | FY2026 | $100.00M | $100.00M | Lowered | Oct 29, 2026 |
| Advancing Agility & Automation Initiative savings | FY2026 | $100.00M | $100.00M | Lowered | Jul 30, 2026 |
| effective tax rate | FY2026 | 25% | 25% – 27% | Lowered | Oct 29, 2026 |
| Interest expense | FY2026 | $200.00M | $200.00M – $210.00M | Raised | Oct 29, 2026 |
| Interest expense | FY2026 | $200.00M – $210.00M | $200.00M – $210.00M | Raised | Jul 30, 2026 |
| Other expense | FY2026 | $5.00M – $10.00M | $15.00M – $20.00M | Lowered | Oct 29, 2026 |
| Other expense | FY2026 | $10.00M | $15.00M | Lowered | Jul 30, 2026 |
| reported and adjusted effective tax rate | FY2026 | 25% – 27% | 25% – 27% | Reaffirmed | Jul 30, 2026 |
Guidance vs results
The last range Hershey gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Adjusted EPS – Diluted | $5.90 – $6.00 | $6.31Σ4Q | Above range |
| FY2025 | EPS (GAAP) | $5.48 – $5.72 | $4.34Σ4Q | Below range |
| FY2025 | Revenue growth | +3% | +4.38%Σ4Q | Above range |
Guidance history
Every forecast Hershey put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 29, 2026 | Capital expenditures | FY2026 | $450.00M | Narrowed |
| Oct 29, 2026 | Adjusted earnings per share growth | FY2026 | +36% – +38.5% | Raised |
| Oct 29, 2026 | Reported earnings per share growth | FY2026 | +84% – +90% | Raised |
| Oct 29, 2026 | Advancing Agility & Automation Initiative savings | FY2026 | $100.00M | Lowered |
| Oct 29, 2026 | Other expense | FY2026 | $5.00M – $10.00M | Lowered |
| Oct 29, 2026 | Interest expense | FY2026 | $200.00M | Raised |
| Oct 29, 2026 | effective tax rate | FY2026 | 25% | Lowered |
| Oct 29, 2026 | Net sales growth | FY2026 | +5% | Raised |
| Oct 29, 2026 | Organic net sales growth | FY2026 | +3% | Narrowed |
| Jul 30, 2026 | Capital expenditures | FY2026 | $425.00M – $475.00M | Reaffirmed |
| Jul 30, 2026 | Adjusted earnings per share growth | FY2026 | +32.5% – +35% | New |
| Jul 30, 2026 | Adjusted EPS – Diluted | FY2026 | $8.36 – $8.52 | Raised |
| Jul 30, 2026 | Reported earnings per share growth | FY2026 | +82% – +89% | New |
| Jul 30, 2026 | Reported EPS – Diluted | FY2026 | $7.89 – $8.17 | Narrowed |
| Jul 30, 2026 | reported and adjusted effective tax rate | FY2026 | 25% – 27% | Reaffirmed |
| Jul 30, 2026 | Other expense | FY2026 | $10.00M | Lowered |
| Jul 30, 2026 | Interest expense | FY2026 | $200.00M – $210.00M | Raised |
| Jul 30, 2026 | Advancing Agility & Automation Initiative savings | FY2026 | $100.00M | Lowered |
| Jul 30, 2026 | Net sales growth | FY2026 | +4.5% – +5% | New |
| Jul 30, 2026 | Organic net sales growth | FY2026 | +3% – +3.5% | Lowered |
| Apr 30, 2026 | Capital expenditures | FY2026 | $425.00M – $475.00M | New |
| Apr 30, 2026 | Adjusted earnings per share growth | FY2026 | +30% – +35% | New |
| Apr 30, 2026 | Reported earnings per share growth | FY2026 | +79% – +89% | New |
| Apr 30, 2026 | Advancing Agility & Automation Initiative savings | FY2026 | $100.00M | Lowered |
| Apr 30, 2026 | effective tax rate | FY2026 | 25% – 27% | New |
| Apr 30, 2026 | Other expense | FY2026 | $15.00M – $20.00M | New |
| Apr 30, 2026 | Interest expense | FY2026 | $200.00M – $210.00M | Raised |
| Apr 30, 2026 | Organic net sales growth | FY2026 | +2.5% – +3.5% | New |
| Apr 30, 2026 | Net sales growth* | FY2026 | +4% – +5% | New |
| Feb 5, 2026 | Capital expenditures | FY2026 | $425.00M – $475.00M | New |
| Feb 5, 2026 | adjusted earnings per share-diluted | FY2026 | $8.20 – $8.52 | New |
| Feb 5, 2026 | reported earnings per share-diluted | FY2026 | $7.77 – $8.19 | New |
| Feb 5, 2026 | reported and adjusted effective tax rate | FY2026 | 25% – 27% | New |
| Feb 5, 2026 | Other expense | FY2026 | $15.00M | New |
| Feb 5, 2026 | Interest expense | FY2026 | $200.00M – $210.00M | Raised |
| Feb 5, 2026 | Advancing Agility & Automation Initiative savings | FY2026 | $100.00M | Lowered |
| Feb 5, 2026 | reported net sales | FY2026 | +4% – +5% | New |
| Oct 30, 2025 | Capital expenditures | FY2025 | $425.00M | Lowered |
| Oct 30, 2025 | Adjusted earnings per share growth | FY2025 | -37% – -36% | Raised |
| Oct 30, 2025 | Adjusted EPS – Diluted | FY2025 | $5.90 – $6.00 | Raised |
| Oct 30, 2025 | Reported earnings per share growth | FY2025 | -50% – -48% | Raised |
| Oct 30, 2025 | Reported EPS – Diluted | FY2025 | $5.48 – $5.72 | Raised |
| Oct 30, 2025 | reported effective tax rate | FY2025 | 30% | Raised |
| Oct 30, 2025 | adjusted effective tax rate | FY2025 | 26% | Raised |
| Oct 30, 2025 | Tariff expense | FY2025 | $160.00M – $170.00M | Raised |
| Oct 30, 2025 | Other expense | FY2025 | $30.00M – $35.00M | Lowered |
| Oct 30, 2025 | Interest expense | FY2025 | $195.00M | Raised |
| Oct 30, 2025 | Advancing Agility & Automation Initiative savings | FY2025 | $150.00M | Lowered |
| Oct 30, 2025 | Net sales growth | FY2025 | +3% | Raised |
| Jul 30, 2025 | Capital expenditures | FY2025 | $425.00M – $450.00M | New |
| Jul 30, 2025 | Adjusted earnings per share growth | FY2025 | -38% – -36% | New |
| Jul 30, 2025 | Adjusted EPS – Diluted | FY2025 | $5.81 – $6.00 | New |
| Jul 30, 2025 | Reported earnings per share growth | FY2025 | -50% | New |
| Jul 30, 2025 | Reported EPS – Diluted | FY2025 | $5.36 – $5.69 | New |
| Jul 30, 2025 | reported effective tax rate | FY2025 | 27% | New |
| Jul 30, 2025 | adjusted effective tax rate | FY2025 | 24% | New |
| Jul 30, 2025 | Tariff expense | FY2025 | $170.00M – $180.00M | New |
| Jul 30, 2025 | Other expense | FY2025 | $75.00M – $80.00M | Lowered |
| Jul 30, 2025 | Interest expense | FY2025 | $200.00M | Raised |
| Jul 30, 2025 | Advancing Agility & Automation Initiative savings | FY2025 | $150.00M | Lowered |
| Jul 30, 2025 | Net sales growth | FY2025 | +2% | New |
| May 1, 2025 | Capital expenditures | FY2025 | $425.00M – $450.00M | Reaffirmed |
| May 1, 2025 | Adjusted EPS – Diluted | FY2025 | $6.00 – $6.18 | Reaffirmed |
| May 1, 2025 | Reported EPS – Diluted | FY2025 | $5.55 – $5.87 | Raised |
| May 1, 2025 | Tariff expense | Q2 FY2025 | $15.00M – $20.00M | New |
| May 1, 2025 | reported and adjusted effective tax rate | FY2025 | 16% | Raised |
| May 1, 2025 | Other expense | FY2025 | $170.00M – $180.00M | Raised |
| May 1, 2025 | Interest expense | FY2025 | $185.00M – $190.00M | Raised |
| May 1, 2025 | Advancing Agility & Automation Initiative savings | FY2025 | $125.00M | Lowered |
| May 1, 2025 | Net sales growth | FY2025 | +2% | Reaffirmed |
| Feb 6, 2025 | Capital expenditures | FY2025 | $425.00M – $450.00M | New |
| Feb 6, 2025 | Adjusted EPS – Diluted | FY2025 | $6.00 – $6.18 | New |
| Feb 6, 2025 | Reported EPS – Diluted | FY2025 | $5.54 – $5.86 | New |
| Feb 6, 2025 | reported and adjusted effective tax rate | FY2025 | 14% – 15% | New |
| Feb 6, 2025 | Other expense | FY2025 | $170.00M – $180.00M | New |
| Feb 6, 2025 | Interest expense | FY2025 | $190.00M – $195.00M | Raised |
| Feb 6, 2025 | Advancing Agility & Automation Initiative savings | FY2025 | $125.00M | Lowered |
| Feb 6, 2025 | net sales growth | FY2025 | +2% | New |
| Nov 7, 2024 | Capital expenditures | FY2024 | $575.00M – $600.00M | Lowered |
| Nov 7, 2024 | reported and adjusted effective tax rate | FY2024 | 11% | Lowered |
| Nov 7, 2024 | reported and adjusted effective tax rate | FY2024 | 11% | Lowered |
| Nov 7, 2024 | Other expense | FY2024 | $260.00M – $270.00M | Raised |
| Nov 7, 2024 | Interest expense | FY2024 | $170.00M | Lowered |
| Nov 7, 2024 | Advancing Agility & Automation Initiative savings | FY2024 | $100.00M | Lowered |
| Aug 1, 2024 | Capital expenditures | FY2024 | $600.00M – $625.00M | Lowered |
| Aug 1, 2024 | Adjusted EPS – Diluted | FY2024 | $9.49 – $9.59 | Lowered |
| Aug 1, 2024 | Reported EPS – Diluted | FY2024 | $8.83 – $9.00 | Lowered |
| Aug 1, 2024 | reported and adjusted effective tax rate | FY2024 | 13% | Reaffirmed |
| Aug 1, 2024 | Other expense | FY2024 | $220.00M – $230.00M | Raised |
| Aug 1, 2024 | Interest expense | FY2024 | $165.00M – $175.00M | Lowered |
| Aug 1, 2024 | Advancing Agility & Automation Initiative savings | FY2024 | $100.00M | Lowered |
| Aug 1, 2024 | Net sales growth | FY2024 | +2% | Lowered |
| May 3, 2024 | Capital expenditures | FY2024 | $600.00M – $650.00M | Reaffirmed |
| May 3, 2024 | Adjusted earnings per share growth | FY2024 | 0% | New |
| May 3, 2024 | Reported earnings per share growth | FY2024 | 0% | New |
| May 3, 2024 | reported and adjusted effective tax rate | FY2024 | 13% | New |
| May 3, 2024 | Other expense | FY2024 | $220.00M – $230.00M | Raised |
| May 3, 2024 | Interest expense | FY2024 | $165.00M – $175.00M | Lowered |
| May 3, 2024 | Advancing Agility & Automation Initiative savings | FY2024 | $100.00M | Lowered |
| May 3, 2024 | Net sales growth | FY2024 | +2% – +3% | Reaffirmed |
| Feb 8, 2024 | Capital expenditures | FY2024 | $600.00M – $650.00M | New |
| Feb 8, 2024 | Adjusted EPS – Diluted | FY2024 | $9.59 | New |
| Feb 8, 2024 | Reported EPS – Diluted | FY2024 | $9.00 – $9.11 | New |
| Feb 8, 2024 | reported effective tax rate | FY2024 | 13% | New |
| Feb 8, 2024 | adjusted effective tax rate | FY2024 | 13% | New |
| Feb 8, 2024 | Other expense | FY2024 | $220.00M – $230.00M | New |
| Feb 8, 2024 | Interest expense | FY2024 | $165.00M – $175.00M | Lowered |
| Feb 8, 2024 | net sales growth | FY2024 | +2% – +3% | New |
| Oct 26, 2023 | Capital expenditures | FY2023 | $800.00M – $850.00M | Reaffirmed |
| Oct 26, 2023 | Adjusted earnings per share growth | FY2023 | +11% – +12% | Reaffirmed |
| Oct 26, 2023 | Reported earnings per share growth | FY2023 | +13% – +15% | Reaffirmed |
| Oct 26, 2023 | Net sales growth | FY2023 | +8% | Reaffirmed |
| Jul 27, 2023 | Capital expenditures | FY2023 | $800.00M – $850.00M | Lowered |
| Jul 27, 2023 | Adjusted earnings per share growth | FY2023 | +11% – +12% | Raised |
| Jul 27, 2023 | Reported earnings per share growth | FY2023 | +13% – +15% | Lowered |
| Jul 27, 2023 | Net sales growth | FY2023 | +8% | Reaffirmed |
| Apr 27, 2023 | Capital expenditures | FY2023 | $800.00M – $900.00M | Reaffirmed |
| Apr 27, 2023 | Adjusted earnings per share growth | FY2023 | +11% | Raised |
| Apr 27, 2023 | Reported earnings per share growth | FY2023 | +15% | Raised |
| Apr 27, 2023 | effective tax rate | FY2023 | 16% | New |
| Apr 27, 2023 | Other expense | FY2023 | $185.00M – $195.00M | New |
| Apr 27, 2023 | Interest expense | FY2023 | $145.00M – $155.00M | Lowered |
| Apr 27, 2023 | Net sales growth | FY2023 | +8% | Raised |
| Feb 2, 2023 | Capital expenditures | FY2023 | $800.00M – $900.00M | New |
| Feb 2, 2023 | adjusted earnings per share growth | FY2023 | +9% – +11% | New |
| Feb 2, 2023 | reported earnings per share growth | FY2023 | +11% – +15% | New |
| Feb 2, 2023 | net sales growth | FY2023 | +6% – +8% | New |
| Nov 4, 2022 | Capital expenditures | FY2022 | $600.00M | Raised |
| Nov 4, 2022 | Adjusted earnings per share growth | FY2022 | +14% – +15% | Raised |
| Nov 4, 2022 | Reported earnings per share growth | FY2022 | +11% – +13% | Raised |
| Nov 4, 2022 | effective tax rate | FY2022 | 14% – 15% | New |
| Nov 4, 2022 | Other expense | FY2022 | $205.00M | Raised |
| Nov 4, 2022 | Interest expense | FY2022 | $135.00M – $140.00M | Lowered |
| Nov 4, 2022 | Net sales growth | FY2022 | +14% – +15% | Raised |
| Jul 28, 2022 | Adjusted earnings per share growth | FY2022 | +12% – +14% | Raised |
| Jul 28, 2022 | Reported earnings per share growth | FY2022 | +9% – +12% | Raised |
| Jul 28, 2022 | Net sales growth | FY2022 | +12% – +14% | Raised |
| Apr 28, 2022 | Adjusted earnings per share growth | FY2022 | +10% – +12% | Raised |
| Apr 28, 2022 | Reported earnings per share growth | FY2022 | +8% – +11% | Raised |
| Apr 28, 2022 | Net sales growth | FY2022 | +10% – +12% | Raised |
| Feb 3, 2022 | Capital expenditures | FY2022 | $550.00M – $600.00M | New |
| Feb 3, 2022 | Adjusted earnings per share growth | FY2022 | +9% – +11% | New |
| Feb 3, 2022 | Reported earnings per share growth | FY2022 | +7% – +10% | New |
| Feb 3, 2022 | Interest expense | FY2022 | $125.00M | Raised |
| Feb 3, 2022 | reported effective tax rate | FY2022 | 16% – 17% | New |
| Feb 3, 2022 | adjusted effective tax rate | FY2022 | 16% – 17% | New |
| Feb 3, 2022 | Other expense | FY2022 | $105.00M – $115.00M | New |
| Feb 3, 2022 | Net sales growth | FY2022 | +8% – +10% | New |
| Oct 28, 2021 | Capital expenditures | FY2021 | $500.00M – $525.00M | New |
| Oct 28, 2021 | adjusted earnings per share | FY2021 | $6.98 – $7.11 | New |
| Oct 28, 2021 | reported earnings per share | FY2021 | $6.88 – $7.04 | New |
| Oct 28, 2021 | reported effective tax rate | FY2021 | 15% – 16% | New |
| Oct 28, 2021 | adjusted effective tax rate | FY2021 | 15% – 16% | New |
| Oct 28, 2021 | Other expense | FY2021 | $125.00M | New |
| Oct 28, 2021 | net sales growth | FY2021 | +8% – +9% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Hershey filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Results
- Update
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Update
- Results
- News
- News