Hershey's Pricing Holds Firm: Can Volume Pressure Ease From Here?
The Hershey Company reported Q2 2026 organic sales growth of 3.6%, driven by 12% net price realization, but faced an 8% volume decline due to consumer elasticity and value-seeking behavior. The company expects improved core-item availability and increased demand-creation activities to support second-half performance. HSY trades at a forward P/E of 18.71, above industry average, with consensus estimates implying 34.6% and 16.1% year-over-year EPS growth for current and next fiscal years.