The Hershey Company (HSY) Earnings Call Transcripts
The Hershey Company's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, The Hershey Company reported revenues of $2.4 billion, exceeding expectations and reflecting a year-over-year growth of 5%. Earnings per share (EPS) came in at $1.85, beating consensus estimates by $0.10. Management maintained a cautious outlook for the second half of the year, citing macroeconomic factors but expressed confidence in achieving growth driven by innovation and seasonal performance, particularly with upcoming Halloween and holiday initiatives.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.4B (beat) |
| EPS | $1.85 (beat) |
| Operating Margin | below expectations (miss) |
| Cocoa Cost Visibility | good visibility into deflation (positive) |
| International Market Growth | strong performance (positive) |
| Pricing Strategy | prudent and patient (neutral) |
Guidance from management
Management maintained a cautious outlook for the second half of 2026, anticipating growth driven by innovation and seasonal events, while acknowledging macroeconomic uncertainties. They expect to see a narrowing gap in shipments and improved performance in the back half of the year.
What management said
Yes, you bet. I'm happy to take that one. And I'll speak to the first half as Easter creates a lot of noise in Q2 as you said, Andrew. U.S. confection retail consumption of about 3% understated our real demand by about 2 points, primarily due to the nonmeasured channel growth and the year-over-year concentration of Easter shipments in 2026. There's an additional point of growth reflected the retail inventory replenis...
Yes. I'll just add. We always expected the first half to be weighted to the top line given the laps that Kirk mentioned on the second half the modest guidance increase reflects the replenishment that was expected to happen more gradually over the course of the year, but was largely completed in Q2. And the balance is really just continued prudence for the macro factors. As you said, Andrew, the kind of working in our...
What analysts pressed on
Analysts expressed concerns regarding the impact of supply chain challenges on margins and the sustainability of growth in the face of macroeconomic pressures. There were questions about the timing of innovation and its effect on market share recovery.
Main topics on the call
- Revenue Growth and Performance — Hershey's revenue for Q2 2026 was $2.4 billion, representing a 5% increase year-over-year. Management noted, "U.S. confection retail consumption of about 3% understated our real demand by about 2 points," indicating stro...
- Earnings Beat and Guidance — The company reported EPS of $1.85, which beat consensus estimates by $0.10. Management stated, "We really like our position in the second half to deliver growth," suggesting confidence in future performance despite macro...
- Innovation and Seasonal Strategies — Hershey plans to leverage upcoming seasonal events, particularly Halloween, to drive sales. CEO Kirk Tanner highlighted, "We have some big opportunities to build on our second half with our half 2 innovation and merchand...
- Supply Chain Challenges — Management acknowledged supply chain issues impacting margins, particularly in the dots business. CFO Steve Voskuil mentioned, "Operating margin came in a bit below expectations due to those supply chain challenges," ind...
Read the full The Hershey Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Hershey Company
The Hershey Company (HSY) is a publicly listed company in the Food Products industry, within the Consumer Staples sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 59 calls on record spanning January 30, 2020 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 59 The Hershey Company earnings call transcripts on record, spanning January 30, 2020 to July 30, 2026. Based on this history, The Hershey Company reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- HSY
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Staples
- Industry
- Food Products
- Calls on record
- 59
- First call
- January 30, 2020
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly