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Hershey Q3 earnings beat estimates, with adjusted EPS of $1.30, down 44.4% YoY. Consolidated net sales rose 6.5% to $3.18bn, exceeding the Zacks consensus estimate. The company raised its 2025 outlook for net sales and EPS. Adjusted gross margin contracted 850 basis points YoY, primarily due to higher commodity and tariff costs and unfavorable mix.

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