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HSY Q1 2026 Earnings
Reported Apr 30, 2026 at 6:47 AM ET · SEC Source
Q1 26 EPS
$2.35
BEAT +19.29%
Est. $1.97
Q1 26 Revenue
$3.10B
BEAT +2.57%
Est. $3.03B
vs S&P Since Q1 26
-3.4%
TRAILING MARKET
HSY -1.3% vs S&P +2.0%
Market Reaction
Did HSY Beat Earnings? Q1 2026 Results
Hershey kicked off fiscal 2026 with a notably strong first quarter, posting adjusted EPS of $2.35 and beating the $2.05 consensus estimate by 14.67%, while revenue of $3.10 billion grew 10.7% year over year and topped Wall Street's $3.03 billion fore… Read more Hershey kicked off fiscal 2026 with a notably strong first quarter, posting adjusted EPS of $2.35 and beating the $2.05 consensus estimate by 14.67%, while revenue of $3.10 billion grew 10.7% year over year and topped Wall Street's $3.03 billion forecast by 2.57%. The headline driver was aggressive pricing, with approximately 10 points of net price realization powering consolidated sales growth even as volume slipped roughly 2 points due to expected elasticity. North America Confectionery, the company's core engine at $2.49 billion in segment sales, delivered 8.3% growth with margin expanding 150 basis points to 31.8%, as flagship brands Hershey's and Reese's each posted double-digit non-seasonal retail sales lifts. An emerging tailwind also drew attention, with demand for Ice Breakers mints climbing amid growing GLP-1 drug adoption. Hershey reaffirmed its full-year 2026 outlook, targeting net sales growth of 4% to 5% and adjusted EPS growth of 30% to 35%, implying a range of $8.20 to $8.52, even as tariff-related costs and elevated commodities remain headwinds.
Key Takeaways
- • Net price realization of approximately 10 points driving organic sales growth
- • Hershey's non-seasonal retail sales lift of 11% and Reese's of 10%
- • LesserEvil acquisition contributing approximately 20 points to Salty Snacks segment growth
- • Supply chain productivity and transformation program savings
- • Lower derivative mark-to-market losses versus prior year boosting reported results
HSY Forward Guidance & Outlook
Hershey reaffirmed its full-year 2026 outlook: net sales growth of 4% to 5% (including approximately 150 basis points from the LesserEvil acquisition), organic net sales growth of 2.5% to 3.5%, reported EPS growth of 79% to 89%, and adjusted EPS growth of 30% to 35% (implying adjusted EPS of $8.20 to $8.52). The company expects an effective tax rate of 25%-27%, interest expense of $200-$210 million, capital expenditures of $425-$475 million, and approximately $100 million in Advancing Agility & Automation Initiative savings.
HSY YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
HSY Revenue by Segment
With YoY comparisons, source: SEC Filings
“We kicked off the year strong and are on track to hit our financial targets for 2026. Hershey's and Reese's are key drivers, delivering first quarter non-seasonal retail sales lifts of 11% and 10%, respectively. We are laser-focused on fueling core growth and making bold moves in brand investment, innovation, R&D, technology, and talent to drive our business to new heights.”
— Kirk Tanner, Q1 2026 Earnings Press Release
HSY Earnings Trends
HSY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HSY EPS Trend
Earnings per share: estimate vs actual
HSY Revenue Trend
Quarterly revenue: estimate vs actual
HSY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.97 | $2.35 | +19.29% | $3.10B | +2.57% |
| Q4 25 BEAT FY | $1.40 | $1.71 | +22.14% | $3.09B | +3.83% |
| FY Full Year | — | $6.31 | — | $11.69B | — |
| Q3 25 BEAT | $1.06 | $1.30 | +22.64% | $3.18B | +2.13% |
| Q2 25 BEAT | $1.00 | $1.21 | +21.00% | $2.61B | +3.61% |