Earnings Releases·Oct 29, 2026, 8:27 AM ET

The Hershey Company — Third Quarter 2026 Earnings Summary

Consolidated net sales rose 3.0% year-over-year to $3.276 billion in Q3 2026, while reported net income surged 111.8% to $580.8 million ($2.88 diluted EPS) and adjusted EPS increased 103.1% to $2.64, driven by a 1,090 basis point expansion in adjusted gross margin to 42.7%.
The company raised its 2026 full-year guidance, increasing reported EPS growth outlook to 84–90% and adjusted EPS growth to 36–38.5%, while adjusting net sales growth expectations to approximately 5% and organic sales growth to approximately 3%.
North America Salty Snacks sales jumped 22.3% year-over-year, with the LesserEvil acquisition contributing 20 percentage points to growth, whereas International sales declined 7.5% due to volume drops from price elasticity and portfolio rationalization.
Management highlighted steady progress on 2026 priorities despite cautious consumer sentiment and noted that derivative mark-to-market gains of $113.4 million significantly contributed to the reported gross margin increase.