HSY
NYSE · Consumer Defensive · Food Confectioners · US
Research · Oct 30, 2026
Hershey (HSY) Q3 2026 Earnings: Profit Doubles, Volume Falls 11 Points
Hershey Q3 2026 adjusted EPS rose 103.1% to $2.64 as cocoa costs eased, but about $0.22 came from tariff refunds, confectionery volume fell about 11 points and salty snacks margin hit 12.1%.
Research · Oct 27, 2026
[HSY] Hershey: Q3 Earnings Test for Candy Volume as Price Hikes Lap
Hershey's Q2 adjusted gross margin recovered to 41.6% on about 14 points of candy pricing, but volume fell 10 points; Q3 tests whether volume steadies as price hikes lap.
Research · Sep 3, 2026
[HSY] Hershey Thesis 2026: Cocoa Cost Crisis Hits Earnings, Recovery Bet Placed on FY26
Hershey FY25 (Dec 31, 2025) at $11.69B revenue (+4%). NI $883M; EPS $4.34 (-60%). Gross margin compressed from 47.3% to 33.3% on cocoa cost. Op income -51%. Snack business +18% Q4 with DD volume growth -- diversification offset. Reese's true campaign first in 8 years. FY26 guide: +4-5% net sales growth + meaningful earnings recovery on cocoa deflation + double-digit advertising increase.
Research · Apr 10, 2026
Iran War Oil Shock: USO Up 24%, XLE Up 8% — Which ETFs Have More Room to Run?
War disruptions choke sugar exports from a key hub, spiking prices to benefit producers ADM and BG while pressuring Hershey, Mondelez, and KDP margins. Bunge leads conviction with 32% revenue growth and attractive P/E; Hershey trails as most vulnerable.