The Hershey Company (HSY) Q1 2023 Earnings Call Transcript

The Hershey Company (NYSE:HSY) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET

Company Participants

Melissa Poole - VP, IR

Michele Buck - Chairman and CEO

Steve Voskuil - SVP and CFO

Conference Call Participants

Andrew Lazar - Barclays

Ken Goldman - JPMorgan

Cody Ross - UBS

Nick Modi - RBC

Pamela Kaufman - Morgan Stanley

David Palmer - Evercore ISI

Max Gumport - BNP Paribas

Bryan Spillane - Bank of America Merrill Lynch

Michael Lavery - Piper Sandler

Rob Dickerson - Jefferies

Jonathan Feeney - Consumer Edge

John Baumgartner - Mizuho Securities

Jason English - Goldman Sachs

Chris Carey - Wells Fargo

Operator

Greetings and welcome to The Hershey Company First Quarter 2023 Question-and-Answer Session. At this time, all participants are in 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 first quarter 2023 earnings Q&A session. I hope everyone has had the chance to read our press release and listen to our pre-recorded management remarks, 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 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.