$HSY (+4.29%)
🔹 EPS: $2.69 (Est. $2.37) 🟢; UP +33.2% YoY
🔹 Revenue: $2.89B (Est. $2.84B) 😐; UP +8.7% YoY
🔹 Gross Profit Margin: 54.0% (Est. 42.4%) 🟢; UP +1,170bps YoY
FY25 Guidance:
🔹 EPS: $6.00 - $6.18 (Est. $7.36) 🔴; DOWN mid-30% YoY
🔹 Revenue Growth: At least +2% YoY
🔹 Reported EPS Growth: DOWN high-40% YoY
🔹 Effective Tax Rate: 14% - 15%
🔹 Capital Expenditures: $425M - $450M
Segment Revenue:
🔹 North America Confectionery: $2.35B (Est. $2.35B) 🟡; UP +6.0% YoY
🔹 North America Salty Snacks: $278.9M (Est. $269.9M) 🟢; UP +35.9% YoY
🔹 International: $254.5M (Est. $222.2M) 🟢; UP +9.8% YoY
Operational Metrics:
🔹 Cost of Goods Sold (COGS): $1.33B (Est. $1.64B) 🟢
🔹 Gross Income: $1.56B (Est. $1.21B) 🟢
🔹 SG&A Expenses: $592M (Est. $592M) 🟡
🔹 Operating Expenses (COGS + SG&A): $1.92B (Est. $2.23B) 🟢
🔹 Operating Profit: $939.1M; UP +102.3% YoY
🔹 Adjusted Operating Profit: $696.8M; UP +28.0% YoY
🔹 Operating Profit Margin: 32.5% (UP +1,500bps YoY)
🔹 Adjusted Operating Profit Margin: 24.1% (UP +360bps YoY)
Segment Highlights:
✅ North America Confectionery:
🔹 Revenue grew +6.0% YoY, driven by +4% price realization and +2% volume growth.
🔹 Hershey’s U.S. CMG (candy, mint & gum) retail takeaway +2.2% YoY, but everyday chocolate share declined.
🔹 Segment margin expanded +170bps YoY to 34.3% due to productivity gains.
✅ North America Salty Snacks:
🔹 Revenue increased +35.9% YoY, driven by +41% volume growth (helped by ERP-related inventory shifts).
🔹 SkinnyPop sales +4.7% YoY, Dot’s Pretzels sales +20.9% YoY.
🔹 Segment profit surged +424.1% YoY, with +1,440bps margin expansion to 19.5%.
✅ International:
🔹 Revenue grew +9.8% YoY (Organic: +15.0% YoY), led by strong sales in Mexico, EMEA and India.
🔹 Segment profit +44.7% YoY, with +280bps margin expansion.
