HERSHEY (HSY) Q3 FY25 earnings call

The Hershey Company delivered strong third-quarter results, exceeding expectations for net sales and organic growth, driven by innovation and strategic investments across its confectionery and salty snacks portfolios. Despite significant gross margin pressure from commodity inflation and tariffs, the company raised its full-year net sales and adjusted EPS outlook, while acknowledging ongoing challenges in cocoa costs and certain international markets. Management remains confident in achieving balanced top- and bottom-line growth in 2026 through continued productivity and strategic investments.