The Hershey Company · HSY · Next earnings

The Hershey Company reports Thursday, Oct 29, 2026

HSY reports before market open with consensus EPS at $2.11 and revenue at $3.26B. Last quarter: Hershey Beats on EPS and Revenue, Holds Guidance as Gross Margin Recovery Builds

Reports Before market open39 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $2.11 Calendar consensus
Consensus revenue $3.26B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where HSY left off: FY2026 Q1

Full report

Hershey Beats on EPS and Revenue, Holds Guidance as Gross Margin Recovery Builds

EPS surprise +15.2% Reported $2.35 vs $2.04
Revenue surprise +2.5% Reported $3.10B vs $3.03B
Stock move -1.8% Event window
Subsequent drift +4.5% Up to 20 sessions

Maintained. Management reaffirmed full-year 2026 guidance for 4-5% net sales growth and a gross margin target of approximately 41%, citing macro headwinds that remain within modeled expectations. No change to the outlook despite the Q1 beat.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Cocoa price volatility and broader commodity market swings affecting input costs.
  • SNAP waiver changes in five states creating consumer confusion and pricing pressure.
  • GLP-1 adoption potentially reducing confectionery consumption over time.
  • Intensified competition across mainstream and premium confectionery segments.
  • Higher gas prices and prolonged inflationary pressure on packaging and freight costs.

Questions analysts left open

  • Whether favorable price elasticity can be sustained at current pricing levels.
  • Q2 organic sales dip expected due to Easter timing and pull-forward of shipments.
  • Margin trajectory across confectionery and overall gross margin.
  • Cocoa market outlook and the effectiveness of the hedging strategy.
  • Impact and timing of SNAP waivers on consumer demand.

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Recent HSY quarters

All HSY earnings
-1.8%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.