𝐇𝐞𝐫𝐬𝐡𝐞𝐲 𝐐𝟑 𝟐𝟎𝟐𝟔: 𝐀𝐝𝐣. 𝐄𝐏𝐒 𝐌𝐨𝐫𝐞 𝐓𝐡𝐚𝐧 𝐃𝐨𝐮𝐛𝐥𝐞𝐬, 𝐑𝐚𝐢𝐬𝐞𝐬 𝐅𝐘𝟐𝟔 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐃𝐞𝐬

$HSY (-2,4%)

⠀

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Revenue: $3.28B (+3% YoY; +0.8% organic)

• GAAP EPS: $2.88 (+112% YoY)

• Adj. EPS: $2.64 (+103% YoY)

• Net Income: $580.8M

• Adj. Operating Profit: $754M (+78.5% YoY)

• GAAP Gross Margin: 46.1% (+1,350 bps YoY)

• Adj. Gross Margin: 42.7% (+1,090 bps YoY)

⠀

🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 (𝐅𝐘𝟐𝟔)

• Revenue Growth: ~5% (prior 4.5%–5%)

• Organic Revenue Growth: ~3% (prior 3%–3.5%)

• GAAP EPS: $8.00–$8.26

• Adj. EPS: $8.58–$8.74 (+36% to +38.5% YoY), raised

• CapEx: ~$450M

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Organic pricing +11%, offset by a 10% decline in volume/mix

• North America Confectionery revenue +1.6%, with volumes down ~11%

• Salty Snacks revenue +22.3%, largely driven by LesserEvil acquisition

• Salty Snacks operating profit -17.9%; International revenue -7.5%

• Profitability benefited from pricing, lower commodity costs, productivity savings and tariff refunds

• FY26 Adj. EPS guidance includes $0.25 in tariff refunds received during Q2 and Q3

• Targets ~$100M in automation and efficiency savings for 2026

⠀

💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“Our third-quarter results show steady progress on our 2026 priorities.” — CEO Kirk Tanner