HERSHEY (HSY) Q1 FY26 earnings call

The Hershey Company delivered a strong Q1 FY26, exceeding expectations on several key metrics, driven by robust core brand performance and traction in newer segments like salty snacks and functional snacking. Despite increased competition and some volume declines in confectionery and international segments due to elasticity and timing, the company maintains its full-year outlook, confident in its H2 plans for innovation, seasonal activations, and strategic investments. Management noted the macro environment is tracking within expectations, with GLP-1 and SNAP impacts remaining mild.