Hershey Lifts Half-Year Profit 211.3% to $892.8 Million as Q2 Pricing Offsets Volume Declines
Updated
Updated · Confectionery Production · Aug 1
Hershey Lifts Half-Year Profit 211.3% to $892.8 Million as Q2 Pricing Offsets Volume Declines
3 articles · Updated · Confectionery Production · Aug 1
Summary
$892.8 million in first-half net income and $457.7 million in second-quarter profit marked sharp year-on-year gains for Hershey, which also posted Q2 net sales of $2.78 billion, up 6.6%.
Price increases and salty snacks growth drove the improvement, while acquisitions including LesserEvil and lower cocoa costs also helped earnings recover.
Volume remained weak: overall sales volumes fell 8 points, North American confectionery volumes dropped 10 points, and international volumes also slipped 8% despite sales growth.
Hershey said it will raise product R&D investment by 25% and kept its 2026 outlook for up to 5% net sales growth as its "One Hershey" restructuring continues.