The Hershey Co

HSY: XNYS (USA)

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Hershey Earnings: Appetite for Sweets Persists Amid Macro, Competitive Angst; Shares Fairly Valued

Erin Lash

Feb 5, 2026

Hershey's fourth-quarter results included 6% organic sales growth (underpinned by higher prices that offset lagging volumes) and a 650-basis-point erosion in the adjusted gross margin to 38.3%. Fiscal 2026 organic sales are expected to rise 2.5%-3.5% against more than 30% growth in adjusted EPS.

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The Hershey Co

Hershey Earnings: Appetite for Sweets Persists Amid Macro, Competitive Angst; Shares Fairly Valued

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