Hershey exceeded Wall Street expectations for second-quarter sales and profit on Thursday as higher prices and steady demand for its chocolate products helped offset a cautious spending environment.
Quarterly Results
Sales in North America Confectionery, the company’s largest business, rose 4.2% year-on-year during the reported quarter, while North America Salty Snacks sales increased 22.9%.
The results follow a stronger-than-expected quarter from rival Mondelez earlier this week. Hershey now expects 2026 adjusted earnings per share in the range of $8.36 to $8.52.
The company posted an overall net sales increase of 6.6% to $2.79 billion in the quarter ended June 28, above analysts’ expectation of a 0.7% rise to $2.63 billion.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
