Although the revenue and EPS for Hershey (HSY) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hershey (HSY) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.09 per share a year ago.
Hershey reported higher first-quarter profit as price increases announced last year provided a boost to revenue, even as its sales volume declined.
Besides Wall Street's top-and-bottom-line estimates for Hershey (HSY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2026.
Cocoa spot prices fell 74% from the Dec 2024 peak of $12,931/ton to $3,333 today. ICE futures through Sep. 2027 are flat at $3,200-$3,600, suggesting no second spike is currently expected. Hershey's Q2 2025 was the margin trough: 30.5% gross margin, $0.31 EPS. Q4 2025 recovered to around 38% gross margin and $1.57 EPS. HSY's dividend was frozen in 2025, the first pause since the 2008-2009 financial crisis, but resumed with a 6% hike in February 2026. Free cash flow covered dividends at 1.6x even.
HSY eyes Q1 revenues up nearly 8% to $3.03B as pricing and snack momentum battle cocoa and tariff-driven costs.
Hershey (HSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, Hershey (HSY) closed at $188.71, indicating a -1.43% shift from the previous trading day.
Hershey Company (NYSE:HSY, XETRA:HSY) is in focus after Jefferies raised its price target to $205 from $220, while maintaining a 'Hold' rating, as the chocolate maker approaches its first quarter earnings report, due on April 30. The firm described the upcoming quarter as a turning point as the company moves past the peak impact of cocoa inflation toward a more visible margin recovery later in the year.
HSY's Q4 chocolate sales rise on price hikes, but volumes fall. The next test is rebuilding unit demand as retail resets flow through.
Hershey (HSY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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