HSY
FY2026 Q1 · Calendar Q2 2026
The Hershey Company
Hershey delivered a Q1 FY2026 beat, with EPS of $2.35 versus a $2.04 consensus estimate and revenue of $3.10B versus $3.03B expected, driven by resilient North American confectionery demand and stronger-than-expected Easter sell-through. Management maintained full-year guidance, citing gross margin improvement of roughly 300 basis points in Q2 and further gains in the second half as cocoa hedges and pricing actions take hold. Despite the beat, the stock declined 1.8% on the report day while the benchmark rose 1.0%, though shares subsequently drifted higher by 4.5%. The combination of favorable price elasticity, a robust innovation pipeline including a premium Hershey launch, and salty-snack momentum from private-label share gains underpins management's confident tone, though macro risks from SNAP changes, cocoa volatility, and GLP-1 adoption remain.
EPS surprise+15.2%
Market move-1.8%
