The Hershey Company reported its first-quarter earnings for 2025, with adjusted earnings per share (EPS) of $2.09, surpassing the estimated $1.96. Net sales reached $2.81 billion, slightly above the $2.8 billion forecast, despite a 13.8% decline in consolidated net sales and a 13.2% decrease in organic, constant currency net sales. Reported net income fell 71.7% to $224.2 million, or $1.10 per diluted share. Hershey attributed the decline in sales and margins to ERP-related volume timing issues, derivative losses, and higher commodity costs. However, the company's salty snacks segment, including Dot's and SkinnyPop, showed growth. For the full year 2025, Hershey affirmed its adjusted EPS guidance of $6.00 to $6.18, slightly below the consensus estimate of $6.13, and expects revenue to exceed $11.43 billion, marginally above the $11.41 billion estimate. The company also anticipates capital expenditures between $425 million and $450 million and expects tariff expenses of $15 million to $20 million in the second quarter, with guidance currently only factoring in tariff impacts for that period.