好时第三季度净销售32.8亿美元增3%：净利5.81亿美元、每股收益2.88美元翻倍，全年指引上调
巧克力制造商好时公司（The Hershey Company，纽约证券交易所：HSY）10月29日公布截至2026年9月27日的第三季度业绩：综合净销售32.755亿美元，同比增长3.0%；报告净利5.808亿美元，摊薄每股收益2.88美元，同比增长111.8%。
调整后摊薄每股收益为2.64美元，同比增长103.1%。公司称，有机固定汇率净销售增长0.8%，其中定价贡献约11个百分点，销量约下降10个百分点，反映北美糖果与国际业务的价格弹性、出货时点与组合调整影响；收购 LesserEvil 为销售增长贡献2.1个百分点。
利润端，报告毛利率46.1%，同比上升1,350个基点，公司称主要来自定价、衍生品按市值计价收益、生产力节约、关税退款与大宗商品净成本下降；调整后毛利率为42.7%。报告营业利润8.177亿美元，同比增长88.1%。调整后业绩中包含第三季度收到的关税退款约每股0.22美元。
分部看，北美糖果净销售26.565亿美元，增长1.6%；北美咸味零食净销售增长22.3%，其中 LesserEvil 收购贡献约20个百分点；国际业务净销售下降7.5%。今年前九个月，公司综合净销售91.67亿美元，同比增长6.6%，报告净利14.736亿美元。
公司同步上调2026全年指引：净销售增长约5%，报告每股收益增长84%至90%，调整后每股收益增长36%至38.5%，调整后每股收益区间为8.58至8.74美元；该展望未计入未来可能收到的关税退款。
总裁兼首席执行官 Kirk Tanner 表示，第三季度业绩显示公司在2026年的优先事项上取得稳步进展，下半年需求创造举措正在形成势头，即便消费者日趋谨慎，公司仍有望实现稳健的销售增长、利润率与盈利的明显修复，并以纪律性投资推动下一阶段增长。
Hershey Third-Quarter Net Sales Rise 3% to $3.28 Billion as Net Income More Than Doubles to $580.8 Million
HERSHEY, Pennsylvania — The Hershey Company (NYSE: HSY) on October 29 announced results for the third quarter ended September 27, 2026, reporting consolidated net sales of $3,275.5 million, up 3.0%, and reported net income of $580.8 million, or $2.88 per diluted share, up 111.8%.
Adjusted diluted earnings per share were $2.64, up 103.1%. Organic, constant-currency net sales rose 0.8%, as roughly 11 points of pricing more than offset an approximately 10-point decline in volume, which the company attributed to elasticity in North America Confectionery and International, shipment timing and planned portfolio changes. The acquisition of LesserEvil contributed 2.1 points to sales growth.
Reported gross margin was 46.1%, up 1,350 basis points, driven by pricing, derivative mark-to-market gains, productivity savings, tariff refunds and lower net commodity costs. Adjusted gross margin was 42.7%, and reported operating profit rose 88.1% to $817.7 million. Adjusted results included about $0.22 per share from tariff refunds received in the third quarter.
By segment, North America Confectionery net sales were $2,656.5 million, up 1.6%; North America Salty Snacks sales rose 22.3%, including about 20 points from the LesserEvil acquisition; and International sales fell 7.5%. For the first nine months, net sales were $9,167.0 million, up 6.6%, with reported net income of $1,473.6 million.
Hershey raised its full-year 2026 outlook: net sales growth of about 5%, reported EPS growth of 84% to 90%, and adjusted EPS growth of 36% to 38.5%, for adjusted EPS of $8.58 to $8.74. The outlook does not include potential future tariff refunds.
President and Chief Executive Officer Kirk Tanner said the third-quarter results show steady progress on the company's 2026 priorities, that second-half demand creation initiatives are gaining momentum even as consumers grow more cautious, and that the company remains on track to deliver solid sales growth, a meaningful recovery in margin and earnings, and disciplined investment.
来源：GSM·美国（原文链接）
图片来源：位于美国宾夕法尼亚州 Hershey 市的好时巧克力世界（Hershey's Chocolate World）入口（公司总部所在地，资料图）。Phillyfan0419 摄，CC BY-SA 3.0，经 Wikimedia Commons。 / The entrance to Hershey's Chocolate World in Hershey, Pennsylvania, where the company is headquartered (file photo). Photo by Phillyfan0419, CC BY-SA 3.0, via Wikimedia Commons.
