Filing Flows › Hershey (HSY) › Guidance history
Hershey (HSY) guidance history: what it guided and what it reported
Hershey gave guidance in 12 earnings releases on file since May 3, 2024. Its releases raised guidance once and lowered it once.
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | 24.1% (Feb 6, 2025) | — | — | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 25.0%–27.0% (Feb 5, 2026) → reaffirmed 25.0%–27.0% (Apr 30, 2026) → reaffirmed 25.0%–27.0% (Jul 30, 2026) | — | to be reported | — |
| FY2025 | 14.0%–15.0% (Feb 6, 2025) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $200M–$210M (Feb 5, 2026) → reaffirmed $200M–$210M (Apr 30, 2026) → reaffirmed $200M–$210M (Jul 30, 2026) | — | to be reported | — |
| FY2025 | $190M–$195M (Feb 6, 2025) → lowered $185M–$190M (May 1, 2025) → raised $200M (Jul 30, 2025) → lowered $195M (Oct 30, 2025) | — | — | — |
| FY2024 | $165M–$175M (May 3, 2024) → reaffirmed $165M–$175M (Aug 1, 2024) → reaffirmed $170M (Nov 7, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $425M–$475M (Feb 5, 2026) → reaffirmed $425M–$475M (Apr 30, 2026) → reaffirmed $425M–$475M (Jul 30, 2026) | — | to be reported | — |
| FY2025 | $425M–$450M (Feb 6, 2025) → reaffirmed $425M–$450M (May 1, 2025) → reaffirmed $425M–$450M (Jul 30, 2025) → lowered $425M (Oct 30, 2025) | $455M (GAAP) | not judged | — |
| FY2024 | $600M–$650M (May 3, 2024) → lowered $600M–$625M (Aug 1, 2024) → lowered $575M–$600M (Nov 7, 2024) | $606M (GAAP) | not judged | — |
GAAP EPS
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $7.77–$8.19 (Feb 5, 2026) | — | to be reported | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $8.20–$8.52 (Feb 5, 2026) → reaffirmed $8.20–$8.52 (Apr 30, 2026) → raised $8.36–$8.52 (Jul 30, 2026) | — | to be reported | — |
| FY2025 | $6.00–$6.18 (Feb 6, 2025) → reaffirmed $6.00–$6.18 (May 1, 2025) → lowered $5.81–$6.00 (Jul 30, 2025) → raised $5.90–$6.00 (Oct 30, 2025) | — | — | — |
| FY2024 | $9.59 (May 3, 2024) → lowered $9.49–$9.59 (Aug 1, 2024) → lowered $9.00–$9.10 (Nov 7, 2024) | — | — | — |
The latest quarter
Hershey, Q3 2026: revenue $3.3B (+3% year over year), operating margin 25.0%, net earnings $581M, operating cash flow $751M. The chart follows the revenue to costs, profit and cash.
Questions
Does Hershey beat its guidance?
Hershey gave guidance in 12 earnings releases on file since May 3, 2024. Its releases raised guidance once and lowered it once.
How often does Hershey raise guidance?
Its earnings releases raised guidance once and lowered it once since May 3, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.