Q3 2025 Hershey Co Earnings Call Transcript
Key Points
- The Hershey Co (HSY) reported balanced growth across its portfolio, indicating strong business momentum heading into 2026.
- The company is experiencing double-digit growth in its everyday confectionery business, reflecting strong consumer demand.
- Hershey's innovation efforts, particularly with Reese's Oreo, have been successful, driving significant growth in the category.
- The salty snacks segment, including brands like Skinny Pop and Dots, showed strong performance with a 14% year-over-year increase in consumption.
- The company has a robust pipeline of innovation planned for 2026 and 2027, which is expected to sustain growth and consumer engagement.
- Halloween sales were disappointing, attributed to factors like the timing of the holiday and warm weather, impacting seasonal performance.
- Cocoa costs remain a concern, with prices still 70% higher than in 2023, affecting input costs and pricing strategies.
- The international segment faced profitability challenges due to higher cocoa costs and elasticity impacts in premium markets.
- There are concerns about potential price gaps in certain product categories, such as king-size offerings in the convenience channel.
- The company is cautious about consumer health and potential headwinds from changes to the SNAP program, which could impact future sales.
Greetings and welcome to the Hershey Company 3rd quarter 2025 question-and-answer session. To join the question queue, please press 1 on your telephone keypad. At this time, all participants are in a listen-only mode. As a reminder, this conference is being recorded. I'd now like to turn the call over to your host, Aorri Naughton, Vice President of investor relations for the Hershey Company.
Thank you. You may begin.
Good morning, everyone.
Thank you for joining us today for the Hershey Company's 3rd quarter 2025 earnings Q&A session. I hope everyone has had the chance to read our press release and listen to our pre-recorded management remarks, both of which are available on our website. In addition, we have posted a transcript of the pre-recorded remarks. At the conclusion of today's live Q&A session, we will also post a transcript and audio replay of this call.
Please note that during today's Q&A session, we may make forward-looking statements that are
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