Hershey's second quarter revenue and EPS beat estimates, prompting a raised full-year 2026 outlook.

The Hershey Company reported second-quarter 2026 net sales of $2.79 billion, an increase of 6.6% year-over-year, and adjusted earnings of $1.90 per share, up 57.0%. The company raised the low end of its full-year 2026 guidance for net sales, organic sales, and adjusted EPS.

Key Highlights

• Organic net sales grew 3.6%, driven by a 12-point contribution from net price realization which was partially offset by an 8-point decline in volume.
• Adjusted gross margin expanded by 350 basis points to 41.6%, benefiting from net price realization and lower net commodity costs.
• Full-year 2026 guidance was raised, with organic net sales growth now expected to be between 3.0% and 3.5% (up from 2.5% to 3.5%) and adjusted EPS growth between 32.5% and 35% (up from 30% to 35%).