The Hershey Company (HSY) CEO Michele Buck on Q2 2022 Results - Earnings Call Transcript

The Hershey Company (NYSE:HSY) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET

Company Participants

Melissa Poole - Vice President of Investor Relations

Michele Buck - Chairman & Chief Executive Officer

Steve Voskuil - Senior Vice President & Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays

Alexia Howard - Bernstein

Robert Moskow - Credit Suisse

Ken Goldman - JPMorgan

Jason English - Goldman Sachs

Bryan Spillane - Bank of America

Michael Lavery - Piper Sandler

Chris Growe - Stifel

Simon Negin - UBS

Jonathan Feeney - Consumer Edge

Operator

Greetings, and welcome to The Hershey Company Second Quarter 2022 Question-and-answer session. At this time, all participants are on a listen-only mode. As a reminder, this conference is being recorded.

I'd now like to turn the call over to your host, Ms. Melissa Poole, Vice President of Investor Relations for The Hershey Company. Thank you. You may begin.

Melissa Poole

Good morning, everyone. Thank you for joining us today for The Hershey Company's second quarter 2022 earnings Q&A session. I hope everyone has had the chance to read our press release and listen to our prerecorded management remarks, both of which are available on our website. In addition, we have posted a transcript of the pre-reported remarks. At the conclusion of today's live Q&A session, we will also locate transcript and audio replay of this call.

Please note that during today's Q&A session, we may make forward-looking statements that are subject to various risks and uncertainties. These statements include expectations and assumptions regarding the company's future operations and financial performance. Actual results could differ materially from those projected. The company undertakes no obligation to update these statements based on subsequent events. A detailed listing of such risks and uncertainties can be found in today's press release and the company's SEC filings.

Finally, please note that we may refer to certain non-GAAP financial measures that we believe will provide useful information for investors. The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations to the GAAP results are included in this morning's press release.

Joining me today are Hershey's Chairman and CEO, Michele Buck; and Hershey's Senior Vice President and CFO, Steve Voskuil.

With that, I will turn it over to the operator for the first question.