Hershey says Q2 2026 margin recovery, pricing and productivity drive 57% jump in adjusted EPS
HSY•Full-year outlook tightened
Full-year outlook tightened to the top half, with organic net sales growth seen at 3%-3.5% and adjusted EPS growth at 32.5%-35%.
Q2 sales, margins and EPS improved
In Q2 2026, net sales rose 6.6% on 12% price realization, a 2.7-point boost from the LesserEvil acquisition, and a 0.3-point FX tailwind.
Volume fell about 8 points, reflecting higher elasticities in North America Confectionery and International, partly offset by Salty Snacks growth.
Adjusted gross margin expanded 350 bps on pricing, productivity, and input-cost deflation; results also benefited from a USD 9 million tariff refund.
Adjusted EPS increased 57% to USD 1.9, helped by stronger gross profit and a shift of non-working media spending into the second half.
