Everyday chocolate category grew 6.7%, with Hershey's everyday chocolate growing less but gaining share and growing ahead in instant consumables.
Everyday chocolate category grew 6.7%, with Hershey's everyday chocolate growing less but making progress in instant consumables by gaining share and expanding distribution.
Gross margin expansion of 500 basis points or more is expected in 2026 before partial offsets from cocoa costs and tariffs.
Pricing actions are expected to contribute about 2 points to the enterprise top line in 2025 and a mid-teens impact in 2026, with about 80% of the profit benefit flowing through in 2026.
Salty snacks segment shows strength with brands like Dot's and SkinnyPop delivering above category trends through innovation, marketing, and expanded distribution.
Salty snacks segment shows strength with brands like Dot's and SkinnyPop delivering above category trends through innovation, marketing, and expanded multipack offerings.
Tax rate challenges persist with a 250 basis point headwind expected to carry into 2026 due to tax consequences from cocoa sourcing strategies and lower tax credit availability.
Tax rate challenges persist with a 250 basis point headwind expected to carry into 2026 due to tax credit limitations and other tax consequences.
The company is experiencing top line momentum and profit recovery plans are underway despite headwinds from record high cocoa prices and tariffs.
A $9.3 billion noncash impairment charge was recorded due to a sustained decline in stock price, reducing the carrying value of intangible assets.
Emerging markets grew top line by around 8% through both price and volume, with the highest operating income margin ever.
Inflation is expected to be about 5% to 7% for the year, with pricing increases around 1%, indicating pricing below inflation.
North America retail showed improvement excluding cold cuts and bacon, with a 2.7% decline in the latest 4-week period versus a 4% year-to-date decline.
Tariffs are expected to impact margins by approximately 100 basis points this year, with a potential full-year annualized impact of 180 basis points if tariffs remain.
The second quarter results came in line with expectations, showing an improvement in year-over-year top line performance.
Adjusted diluted EPS increased 28% to $1.19 per share, significantly outpacing adjusted EBITDA growth due to accretive share repurchases.
Adjusted gross profit grew 5% to $1.8 billion, supported by volume growth, improved cost of goods, disciplined inventory management, and increased private label penetration.
Net sales increased 3.8% to $10.1 billion, driven by 0.9% case volume growth and 2.9% food cost inflation and mix impact.
Operating cash flow increased by $104 million to $725 million year-to-date, supporting record capital investments and $273 million in share repurchases.
US Foods delivered record second quarter adjusted EBITDA of $548 million, a 12% increase year-over-year, with an all-time high adjusted EBITDA margin of 5.4%, up 40 basis points.
Adjusted EPS declined 6% to $0.66, including a $0.07 net tariff cost impact.
Adjusted gross profit decreased 4% to $257.6 million with a slight margin improvement to 57.8%, aided by product cost optimization and selective price increases but offset by higher tariffs.
Cash increased to $269.7 million; 745,000 shares repurchased for $23 million in Q2 under a $450 million authorization.
Coolers & Equipment sales decreased 3% to $200.6 million, with growth in hard coolers offset by declines in soft coolers.
Direct-to-consumer sales decreased 1% to $248.6 million, representing 56% of total sales, with strong Amazon and corporate sales offset by softer e-commerce demand.
Drinkware sales declined 4% to $236.4 million, impacted by a promotional market and supply chain constraints.
International sales grew 2% to $78.1 million, led by strong performance in Europe and expansion in Japan.
Operating income decreased 9% to $73.2 million (16.4% margin), and net income decreased 7% to $55.2 million.
Wholesale sales declined 7% to $197.3 million, driven by U.S. Drinkware weakness and cautious ordering internationally.
YETI reported Q2 2025 sales of $445.9 million, down 4% year-over-year, slightly below expectations due to cautious consumer and retail partner spending.
Dafinchi
