Pampers vs The Hershey Company

10-K Financial Filing Analysis for Pampers (2026-08-04)

The Procter & Gamble Company reported its annual results for the fiscal year ended June 30, 2026, delivering net sales of $87.03 billion, up 3% year-over-year, supported by organic sales growth of 1%. Operating income decreased 3% to $19.75 billion due to a 100 bps reduction in gross margin (to 50.2%) driven by unfavorable product mix, increased commodity costs, and restructuring charges, alongside higher marketing expenditures. Net earnings attributable to P&G remained stable at $16.05 billion, with diluted EPS rising 2% to $6.62, aided by share repurchases and lower net non-operating costs. Cash generation remained robust, with operating cash flow reaching $19.56 billion and adjusted free cash flow productivity achieving 100%. Strategically, P&G continued executing its multi-year productivity and organizational restructuring program while expanding its portfolio, notably announcing the acquisition of Thorne for $3.8 billion.

• Net sales reached $87,032,000,000 in FY 2026, representing a 3% reported increase (1% organic growth), while operating income decreased 3% to $19,748,000,000.
• Net earnings attributable to Procter & Gamble were $16,046,000,000 ($6.62 diluted EPS, up 2%), with Core EPS reaching $6.89.
• Generated $19,556,000,000 in operating cash flow and $15,835,000,000 in adjusted free cash flow, while agreeing to acquire Thorne for $3.8 billion.

8-K Financial Filing Analysis for The Hershey Company (2026-09-02)

On September 2, 2026, The Hershey Company announced the promotion and appointment of Dave Hulays as Senior Vice President, Chief Financial Officer, succeeding Steven E. Voskuil. Mr. Hulays, a veteran with the company since 2012 who most recently served as Senior Vice President, Finance, will oversee global finance operations as principal financial officer. Mr. Voskuil transitioned to the role of Senior Vice President, Strategic Projects, where he will support key initiatives and facilitate the CFO handover until his retirement in Q1 2027. Under his offer letter, Mr. Hulays will receive an annual base salary of $725,000, target annual incentive compensation of 100% of base salary, and a target long-term incentive award of $2,000,000.

• Dave Hulays was appointed Senior Vice President, Chief Financial Officer effective September 2, 2026, having been with Hershey since March 2012.
• Outgoing CFO Steven E. Voskuil transitions to Senior Vice President, Strategic Projects to support company initiatives through his retirement in Q1 2027.
• Hulays' compensation package includes a $725,000 base salary, a 100% target annual incentive, and a $2,000,000 long-term incentive target under the EICP.

The Hershey Company Names Dave Hulays Chief Financial Officer

The Hershey Company announced the appointment of Dave Hulays as Chief Financial Officer, effective September 2, 2026. This executive leadership change is a significant corporate announcement.

Hershey's Taps Katseye for Gen Z Candy Launch

Hershey's is partnering with K-pop girl group Katseye to launch its new Creme Bars, available in Affogato and Salted Caramel flavors. The campaign, which features Katseye performing their song 'Pinky Up' on a crowded subway, aims to position the candy as the season's must-have item for Gen Z. Katrina Vatter, senior brand manager at The Hershey Company, said the goal is to make the product 'the it item that everybody's going to be talking about.' The Creme Bars are Hershey's biggest product launch this year and will hit shelves this fall. The partnership marks a continued effort by Hershey's to reach younger consumers through pop culture and celebrity endorsements, leveraging Katseye's established Gen Z appeal to drive buzz and engagement.

• Hershey's is launching new Creme Bars in Affogato and Salted Caramel flavors.
• The campaign features a partnership with girl group Katseye.
• The ad shows Katseye performing 'Pinky Up' on a crowded subway.