Hershey falls after warning of customer spending pressures ahead of Halloween
HSY•Hershey lowered its annual organic net sales growth target to about 3% but raised its annual profit forecast after tariff refunds boosted third-quarter earnings. Third-quarter net sales were $3.28 billion and adjusted EPS was $2.64.
1. Quarterly results and outlook
Hershey reported third-quarter net sales of $3.28 billion, compared with estimates of $3.25 billion, and adjusted EPS of $2.64, versus estimates of $2.11. The company lowered its annual organic net sales growth target to about 3% but raised its annual profit forecast after tariff refunds boosted earnings in the quarter. Hershey expects Halloween participation to be in line with 2025, while its CEO warned that financial pressures on consumers could shape final purchase decisions.
