Financial Data and Key Metrics Changes - The company anticipates 4%-5% net sales growth and meaningful earnings recovery for 2026, indicating a positive outlook after navigating challenges in 2025 [7] - The pricing taken in 2025 does not fully cover cocoa cost inflation for 2026, suggesting a recovery path while investing in marketing and innovation [12][13] - Gross margins are expected to recover to 41% in 2026, which is an improvement from 2025 but still below historical levels [28] Business Line Data and Key Metrics Changes - The snacks business experienced an 18% growth in Q4, driven by double-digit volume growth, indicating strong performance in this segment [15] - The confection segment is projected to have organic sales growth around 3%, while salty snacks are expected to grow in the mid-single digits [102] Market Data and Key Metrics Changes - The company is gaining market share in key international markets such as Canada, Mexico, Brazil, and the U.K., reflecting a positive trend in its international business [105] - The salty category was relatively flat last year, but the company achieved double-digit growth, indicating strong performance against market trends [55] Company Strategy and Development Direction - The company is focused on brand building and innovation, with significant investments planned for 2026, including a double-digit increase in advertising [31][34] - The strategy includes leveraging cultural moments and seasonal events to enhance brand engagement and drive sales [94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the portfolio and the ability to navigate macroeconomic challenges, including cocoa inflation [7] - The company is monitoring changes in SNAP regulations but views them as a manageable headwind [92] Other Important Information - The company plans to provide more detailed insights into its long-term strategy and investments during the upcoming investor day [66] - The management emphasized the importance of balancing growth and margin recovery in their investment strategy [63] Q&A Session Summary Question: Concerns about potential price deflation due to cocoa price changes - Management acknowledged the risk but emphasized their strategic pricing approach and consumer insights [12][19] Question: Elasticity and its impact on pricing strategy - Management noted that current elasticities are favorable and are planning for flexibility in their pricing strategy [21][22] Question: Cocoa's impact on margin framework - Management indicated optimism about cocoa prices stabilizing and potential for margin recovery in 2027 [30] Question: Brand investment durability and future reinvestment - Management stated that investments in 2026 are designed to support long-term growth and will continue into 2027 [32] Question: Gross margin performance in Q4 - Management highlighted strong volume growth and lower-than-expected tariffs as key contributors to improved gross margins [40][41] Question: International segment performance and pricing actions - Management discussed the challenges and strategies in the international market, focusing on premium pricing and market share gains [104][105] Question: SNAP program changes and their impact - Management provided insights on the early assessment of SNAP changes and their manageable impact on the business [91][92] Question: Cultural and seasonal events to boost engagement - Management emphasized the importance of connecting brands to cultural moments to enhance consumer engagement [94][95] Question: Balancing promotions and marketing investments - Management indicated a rational approach to pricing and promotions while maintaining strong brand investments [98][100]

The Hershey Company (NYSE:HSY) Q4 2025 Earnings call February 05, 2026 08:30 AM ET Speaker2Greetings and welcome to The Hershey Company fourth quarter 2025 question and answer session. To join the question queue, please press star 1 on your telephone keypad. At this time, all participants are in a listen-only mode. As a reminder, this conference is being recorded. I'd now like to turn the call over to your host, Anoori Naughton, Vice President of Investor Relations for The Hershey Company. Thank you. You ma ...

Core Insights - Hershey forecasts annual sales and profit above Wall Street estimates, driven by strong demand for confectionery and salty snacks, along with benefits from previous price increases [1] Group 1: Financial Performance - The company anticipates higher annual sales and profit figures compared to Wall Street expectations [1] - Resilient demand for its products is a key factor in this positive outlook [1] Group 2: Market Dynamics - Continued benefits from earlier price hikes are contributing to the company's financial performance [1] - The strong performance in both confectionery and salty snacks indicates a robust market position [1]

分组1 - Hershey reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, but down from $2.69 per share a year ago, resulting in an earnings surprise of +21.74% [1] - The company achieved revenues of $3.09 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.98%, and up from $2.89 billion year-over-year [2] - Hershey has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has gained approximately 13.1% since the beginning of the year, significantly outperforming the S&P 500, which gained 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is $1.93 on revenues of $3 billion, and for the current fiscal year, it is $7.06 on revenues of $12.02 billion [7] - The Food - Confectionery industry, to which Hershey belongs, is currently ranked in the top 2% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

The Hershey Company (NYSE:HSY) Q4 2025 Earnings call February 05, 2026 07:00 AM ET Company ParticipantsAnoori Naughton - VP of Investor RelationsKirk Tanner - President and CEOSteve Voskuil - SVP and CFOAnoori NaughtonGood morning and welcome to the prerecorded discussion of The Hershey Company's Fourth Quarter 2025 Earnings Results. I'm Anoori Naughton, Vice President of Investor Relations. Joining me today are Hershey's President and CEO Kirk Tanner and Hershey's Senior Vice President and CFO Steve Voskui ...

The Hershey Company (NYSE:HSY) Q4 2025 Earnings call February 05, 2026 07:00 AM ET Company ParticipantsAnoori Naughton - VP of Investor RelationsKirk Tanner - President and CEOSteve Voskuil - Senior Vice President and CFOAnoori NaughtonGood morning and welcome to the prerecorded discussion of The Hershey Company's fourth quarter 2025 earnings results. I'm Anoori Naughton, Vice President of Investor Relations. Joining me today are Hershey's President and CEO Kirk Tanner and Hershey's Senior Vice President an ...

Financial Data and Key Metrics Changes - Total Hershey net sales increased by 7% in Q4 2025, with full-year growth of 4.4% [4][15] - Consolidated net sales for 2025 reached approximately $11.7 billion, reflecting a 4.4% increase year-over-year [15] - Adjusted gross margin for Q4 was 38.3%, a decrease of 650 basis points compared to the previous year, primarily due to commodity inflation and tariff expenses [18] Business Line Data and Key Metrics Changes - North America Confectionery net sales increased by 5.3% in Q4, with net price realization contributing approximately 10 points to growth [16] - North America Salty Snacks segment net sales surged by 28% in Q4, with organic constant currency growth of 18.2% [16] - The international segment saw a slight increase in net sales by 0.4% to $256 million, but organic constant currency net sales declined by 1.9% [17] Market Data and Key Metrics Changes - Retail sales growth in the U.S. salty snacking business accelerated to 15.6% in Q4, resulting in an 11.3% increase for the full year [5] - Hershey's U.S. confection retail sales growth was in line with the category, reflecting strong performance in innovation and holiday programming [4] - The international segment achieved full-year organic constant currency net sales growth of 2.2%, with market share gains in Mexico, Brazil, and the U.K. [6][7] Company Strategy and Development Direction - The company aims to deliver top-line growth at or above market categories, restore margins, and increase investments for sustainable growth in 2027 and 2028 [9] - Strategic priorities for 2026 include driving sustainable top-line growth, restoring margins, and evolving the strategy for future competitiveness [9][12] - The company plans to introduce innovative products and activate major cultural moments to enhance brand presence [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering 2026, highlighting the momentum from 2025 and the ability to navigate macroeconomic challenges [3] - The company is monitoring factors such as consumer financial pressure and health trends, which could impact future performance [8] - For 2026, the company expects net sales growth of 4% to 5%, with a focus on innovation and brand investment [20] Other Important Information - The AAA Program has generated over $300 million in net savings over the past two years, with an additional $100 million projected for 2026 [8] - The company completed the acquisition of LesserEvil, enhancing its position in the salty snacks market [19] - Capital expenditures for 2026 are projected to be between $425 million and $475 million, with a focus on technology investments [24] Q&A Session Summary Question: What are the expectations for 2026 net sales growth? - The company expects total net sales growth of 4% to 5% for 2026, with contributions from the acquisition of LesserEvil [20] Question: How is the company addressing commodity inflation? - The company is utilizing agile hedging and sourcing strategies to mitigate the impact of cocoa inflation [8] Question: What are the plans for advertising and brand investment in 2026? - Advertising and related consumer spending are expected to increase by double digits, supporting momentum across the business [22]

Hershey reported lower fourth-quarter profit as tariff costs and high cocoa prices continued to hurt its bottom line. ...

Exhibit 99.1 • Consolidated net sales of $3,091.0 million, an increase of 7.0%. • Organic, constant currency net sales increased 5.7%. • The impact of acquisitions on net sales was a 1.2 point benefit and currency exchange was a 0.1 point benefit. 2 • Reported net income of $320.0 million, or $1.57 per share-diluted, a decrease of 59.9%. • Adjusted earnings per share-diluted of $1.71, a decrease of 36.4%. 2025 Full-Year Financial Results Summary 3 All comparisons for the fourth quarter of 2025 are with resp ...

3 2025 Full-Year Financial Results Summary 1 All comparisons for the fourth quarter of 2025 are with respect to the fourth quarter ended December 31, 2024. 2 Reflects the impact from the 2024 acquisition of Sour Strips and 2025 acquisition of LesserEvil, LLC ("LesserEvil"). HERSHEY, Pa., Feb. 5, 2026 /PRNewswire/ -- The Hershey Company (NYSE: HSY) today announced net sales and earnings for the fourth quarter and full-year ended December 31, 2025. "As we enter 2026, we have strong conviction in the momentum ...