Hershey (HSY) official guidance

Capital expenditures in the range of approximately $425 million to $475 million;

Our full-year capital expense outlook remains in the range of $425 million-$475 million.

Capital expenditures in the range of approximately $425 million to $475 million;

Capital expenditure is projected to be in the range of $425 million to $475 million for the year, inclusive of technology investments that aim to strengthen our supply chain and commercial capabilities with prudent investment.

•Capital expenditures in the range of $425 million to $475 million;

A reported and adjusted effective tax rate in the range of approximately 25% to 27%;

A reported and adjusted effective tax rate in the range of approximately 25% to 27%;

•A reported and adjusted effective tax rate in the range of approximately 25% to 27%;

A reported and adjusted effective tax rate in the range of approximately 25% to 27%;

Looking to the full year, we continue to expect a full-year tax rate of approximately 25%-27%, while other expenses are expected to be approximately $15 million-$20 million.

A reported and adjusted effective tax rate in the range of approximately 25% to 27%;

Below operating profit, we expect our full-year 2026 adjusted effective tax rate to be approximately 25%-27%.

•A reported and adjusted effective tax rate in the range of approximately 25% to 27%;

| Reported EPS – Diluted | $7.89 - $8.17 | $4.34 |

| Reported EPS – Diluted | $7.77 - $8.19 | $4.34 |

•Full-year reported earnings per share-diluted are expected to be in the range of $7.77 to $8.19, an increase of 79% to 89% versus 2025.

| Adjusted EPS – Diluted | $8.36 - $8.52 | $6.31 |

| Adjusted EPS – Diluted | $8.20 - $8.52 | $6.31 |

•Full-year adjusted earnings per share-diluted are expected to be in the range of $8.20 to $8.52, an increase of 30% to 35% versus 2025. Sales growth and gross margin recovery are expected to more than offset increased strategic investment in brands, capabilities and technology, as well as higher interest expense.

Advancing Agility & Automation Initiative savings of approximately $100 million.

We remain on track to deliver $100 million in savings this year, the final year of our AAA initiative.

Our AAA Program has generated over $300 million in net savings over the past two years, above our plan, and is projected to deliver an incremental $100 million in 2026.

Interest expense was $50 million in the second quarter, and our full year outlook remains $200 million-$210 million.

Interest expense of approximately $200 million to $210 million;

Interest expense was $50 million in the first quarter. The full-year outlook remains in a range of $200 million-$210 million.

Interest expense of approximately $200 million to $210 million;

Finally, interest expense is expected to be between $200 and $210 million.

•Interest expense of approximately $200 million to $210 million;

| Organic net sales growth | 2.5% to 3.5% | 3% to 3.5% |

We remain confident in our full year net sales outlook of 4%-5% growth and organic net sales growth of 2.5%-3.5%.

| Organic net sales growth | 2.5% to 3.5% |

| Organic net sales growth | 2.5% to 3.5% |

Total company organic net sales are projected to grow 2.5%-3.5%, driven by announced pricing, innovation, increased brand investment, and a strong activation calendar, partly offset by low single-digit decline in the international segment due to elasticity and strategic portfolio decisions supporting profit recovery.

Other expense, which primarily reflects periodic benefit costs relating to pension and other post-retirement benefit plans, of approximately $10 million;

Looking to the full year, we continue to expect a full-year tax rate of approximately 25%-27%, while other expenses are expected to be approximately $15 million-$20 million.

Other expense, which primarily reflects periodic benefit costs relating to pension and other post-retirement benefit plans, of approximately $15 million to $20 million;

Other expense, which primarily reflects periodic costs relating to pension and other benefits plans, is expected to be approximately $15 million.

•Other expense, which primarily reflects periodic benefit costs relating to pension and other post-retirement benefit plans, of approximately $15 million;

As Kirk noted, our strong first half performance supports our updated full year outlook for 3%-3.5% organic net sales growth for the total company.

| Net sales growth* | 4% to 5% | 4.5% to 5% |

We remain confident in our full year net sales outlook of 4%-5% growth and organic net sales growth of 2.5%-3.5%.

| Net sales growth* | 4% to 5% |

| Net sales growth1 | 4% to 5% |

Our plan gives us confidence in delivering between 4% and 5% net sales growth in 2026.

•Full-year reported net sales are expected to increase between 4% and 5%, driven by net price realization and increased innovation, cultural and seasonal activations, and advertising levels to support demand.

Looking forward, we remain confident in our full year targets for organic net sales growth of 2.5%-3.5% and adjusted EPS growth of 30%-35%.

| Adjusted earnings per share growth | 30% to 35% |

Our 2026 adjusted EPS outlook is for a range of 30%-35%.

For the full year, we expect adjusted gross margin recovery of around 400 basis points.