Hershey Q3 2026 adjusted EPS rises 103% as hedge timing and tariff refunds support growth
HSY•Hershey said third-quarter 2026 adjusted EPS rose 103% to $2.64, including a $0.22-per-share contribution from tariff refunds. It narrowed full-year organic sales growth expectations to about 3% and raised its adjusted EPS growth outlook to 36%-38.5%, reflecting the refunds.
1. Quarterly results and outlook
Hershey's third-quarter adjusted EPS rose 103% to $2.64, supported by pricing, cocoa-cost recovery and hedge timing; tariff refunds added $0.22 per share. Net sales increased 3%, with the LesserEvil acquisition contributing 2.1 percentage points. Management narrowed full-year organic sales growth expectations to approximately 3%, citing consumer pressure, convenience-store weakness and salty-snack supply constraints, and raised its adjusted EPS growth outlook to 36%-38.5% because of tariff refunds; its outlook excluding refunds was unchanged.
