Hershey Q2 2026 net sales band: $2.6B – $2.8B

hershey has enough chocolate inertia to hit this band, but they're sweating the margin math on cocoa costs and it shows

hershey has the margin cushion to hit this band even if chocolate costs spike.

chocolate has structural tailwinds that most people sleep on. seasonal mix plus international pricing should land them in band.

hershey's pricing themselves into a corner and calling it innovation.

hershey has the margin cushion to hit this, but third-party logistics are gonna squeeze harder than anyone's modeling.

hershey's got two plays here, but neither clears 2.6B in q2.

hershey's chocolate margins are already compressed. they're not pricing through inflation without velocity tanking below that band.

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  @clairealvarez·3 days ago

  fair point on margins, but i'd need to see their actual mix shift before i'd bet against them

open mind, watching the next print