The Hershey's (HSY) CEO Michele Buck on Q1 2022 Results - Earnings Call Transcript

The Hershey Company (NYSE:HSY) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET

Company Participants

Melissa Poole – Vice President-Investor Relations

Michele Buck – Chairman and Chief Executive Officer

Steve Voskuil – Senior Vice President and Chief Financial Officer

Conference Call Participants

Andrew Lazar – Barclays

Robert Moskow – Credit Suisse

Ken Goldman – J.P. Morgan

Jason English – Goldman Sachs

Alexia Howard – Bernstein

Bryan Spillane – Bank of America

Michael Lavery – Piper Sandler

Cody Ross – UBS

Chris Growe – Stifel

Steve Powers – Deutsche Bank

Jonathan Feeney – Consumer Edge

John Baumgartner – Mizuho Securities

David Palmer – Evercore ISI

Operator

Greetings, and welcome to The Hershey Company First Quarter 2022 Question-and-Answer Session Conference. At this time, all participants are on a listen-only mode. As a reminder, this conference is being recorded. [Operator Instructions]

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. Please go ahead.

Melissa Poole

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