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Inferra AI / Company / HSY

Hershey Company

HSY · Consumer Staples

Last earnings Oct 29, 2026

Key results

Reported net incomequarter

$276.3 million

Reported net income of $276.3 million , or $1.36 per share-diluted, a decrease of 38.2%.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

EPSquarter

$1.30

Adjusted earnings per share-diluted of $1.30, a decrease of 44.4%.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Reported gross marginquarter

32.6%

Reported gross margin was 32.6% in the third quarter of 2025, compared to 41.3% in the third quarter of 2024, a decrease of 870 basis points.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Adjusted gross marginquarter

31.8%

Adjusted gross margin was 31.8% in the third quarter of 2025, a decrease of 850 basis points compared to the third quarter of 2024.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Revenuequarter

$2,615.6 million

North America Confectionery Hershey s North America Confectionery segment net sales were $2,615.6 million in the third quarter of 2025, an increase of 5.6% versus the same period last year.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

2 MULO+ w Convenience expanded in the second quarter of 2024 to include club, drug, and e-commerce customers previously classified as unmeasured, while Dollar Tree data was included beginning in the third quarter of 2025 5 North America Salty Snacks Hershey s North America Salty Snacks segment net sales were $321.0 million in the third quarter of 2025, an increase of 10.0% versus the same period last year.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

International Third quarter 2025 net sales for Hershey s International segment increased 12.1% versus the same period last year to $244.8 million.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Gross marginquarter

32.6 %

8 In the assessment of our results, we review and discuss the following financial metrics that are derived from the reported and non-GAAP financial measures presented above Three Months Ended September 28, 2025 September 29, 2024 As reported gross margin 32.6 % 41.3 % Non-GAAP gross margin (1) 31.8 % 40.3 % As reported operating profit margin 13.7 % 20.5 % Non-GAAP operating profit margin (2) 13.3 % 21.9 % As reported effective tax rate 25.7 % 14.0 % Non-GAAP effective tax rate (3) 26.7 % 15.2 % (1) Calculated as non-GAAP gross profit as a percentage of net sales for each period presented.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Non-GAAP gross marginquarter

31.8 %

8 In the assessment of our results, we review and discuss the following financial metrics that are derived from the reported and non-GAAP financial measures presented above Three Months Ended September 28, 2025 September 29, 2024 As reported gross margin 32.6 % 41.3 % Non-GAAP gross margin (1) 31.8 % 40.3 % As reported operating profit margin 13.7 % 20.5 % Non-GAAP operating profit margin (2) 13.3 % 21.9 % As reported effective tax rate 25.7 % 14.0 % Non-GAAP effective tax rate (3) 26.7 % 15.2 % (1) Calculated as non-GAAP gross profit as a percentage of net sales for each period presented.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Non-GAAP Net incomequarter

$263,699 thousand

net income $ 263,699 $ 474,238

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Net incomequarter

$276,320 thousand

Net income $ 276,320 $ 446,301 $ 563,242 $ 1,424,648

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

AI analysis

Q3 2025 · reported Oct 30, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2025
$2,615.6M
EX-99 · Oct 30, 2025
EPS · Q3 2025
$1.30
EX-99 · Oct 30, 2025
Reported gross margin · Q3 2025
32.6%
-8.7 pts vs year ago computed from stated figures
EX-99 · Oct 30, 2025
Reported net income · Q3 2025
$276.3M
EX-99 · Oct 30, 2025

The quarter in charts

GAAP gross margin

Percent of revenue, as stated

0%25%50%41.3%Same quarter last year32.6%Q3 2025

EX-99 · Oct 30, 2025 Margin values as stated in the release.

Headline figures

MetricQ3 2025Prior qtrYear ago
Reported net income$276.3 million——
EPS$1.30——
Reported gross margin32.6%—41.3%
Adjusted gross margin31.8%——
Revenue$2,615.6 million——
Gross margin32.6 %——
Non-GAAP gross margin31.8 %——
Non-GAAP Net income$263,699 thousand——

EX-99 · Oct 30, 2025

Guidance · company-stated

Direction: Raised

Revenue

“1 All comparisons for the third quarter of 2025 are with respect to the third quarter ended September 29, 2024 1 2025 Full-Year Financial Outlook The Company is raising its net sales growth and reported earnings per share outlook, and raising its adjusted earnings per share outlook to the upper half of the previous range for the year.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Reported gross margin32.6%
Adjusted gross margin31.8%
Gross margin32.6 %
Non-GAAP gross margin31.8 %

Capital allocation

The Company also expects Tariff expense, as understood today, to be approximately $160 million to $170 million A reported effective tax rate of approximately 30% and an adjusted effective tax rate of approximately 26%, reflecting the changing global business and tax landscape Other expense, which primarily reflects the write-down of equity investments that qualify for a tax credit, of approximately $30 million to $35 million Interest expense of approximately $195 million Capital expenditures of approximately $425 million and Advancing Agility Automation Initiative savings of approximately $150 million.

The initial cash consideration paid for LesserEvil totaled $ 769,090 and consisted of cash on hand and short-term borrowings; however, the Company may be required to pay additional contingent consideration ranging from zero to a maximum of $ 200,000 if certain defined earnings targets are met over a multi-year period.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Based on our results year-to-date, we are raising our full year outlook for net sales and earnings per share

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “1 All comparisons for the third quarter of 2025 are with respect to the third quarter ended September 29, 2024 1 2025 Full-Year Financial Outlook The Company is raising its net sales growth and reported earnings per share outlook, and raising its adjusted earnings per share outlook to the upper half of the previous range for the year.”

Revenue — Raised (“raising”)
“Based on our results year-to-date, we are raising our full year outlook for net sales and earnings per share.”

Revenue — Raised (“raising”)
“1 All comparisons for the third quarter of 2025 are with respect to the third quarter ended September 29, 2024 1 2025 Full-Year Financial Outlook The Company is raising its net sales growth and reported earnings per share outlook, and raising its adjusted earnings per share outlook to the upper half of the previous range for the year.”

Classified from the release's primary full-year outlook statement.

Capital allocation

The Company also expects Tariff expense, as understood today, to be approximately $160 million to $170 million A reported effective tax rate of approximately 30% and an adjusted effective tax rate of approximately 26%, reflecting the changing global business and tax landscape Other expense, which primarily reflects the write-down of equity investments that qualify for a tax credit, of approximately $30 million to $35 million Interest expense of approximately $195 million Capital expenditures of approximately $425 million and Advancing Agility Automation Initiative savings of approximately $150 million.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The initial cash consideration paid for LesserEvil totaled $ 769,090 and consisted of cash on hand and short-term borrowings; however, the Company may be required to pay additional contingent consideration ranging from zero to a maximum of $ 200,000 if certain defined earnings targets are met over a multi-year period.

SEC original ↗Hershey Company — 10-Q Quarterly report10-QOct 29, 2026

The initial cash consideration paid for Sour Strips was deemed immaterial and consisted of cash on hand and short-term borrowings; however, the Company may be required to pay additional contingent consideration if certain defined targets are met over a multi-year period.

SEC original ↗Hershey Company — 10-Q Quarterly report10-QOct 29, 2026

SHORT AND LONG-TERM DEBT Short-term Debt As a source of short-term financing, we utilize cash on hand and commercial paper or bank loans with an original maturity of three months or less.

SEC original ↗Hershey Company — 10-Q Quarterly report10-QOct 29, 2026

As of September 27, 2026, we maintained a $ 1.875 billion unsecured revolving credit facility with the option to increase the aggregate amount of the commitments by up to $ 1 billion with the consent of the lenders.

SEC original ↗Hershey Company — 10-Q Quarterly report10-QOct 29, 2026

The credit facility is scheduled to expire on October 21, 2030; however, we may extend the termination date for up to two additional one-year periods upon notice to the administrative agent under the facility.

SEC original ↗Hershey Company — 10-Q Quarterly report10-QOct 29, 2026

Strategy & priorities

Third quarter results surpassed expectations, as strong innovation, strategic brand investments, and market leading execution drove momentum across business segments, said Kirk Tanner, The Hershey Company President and Chief Executive Officer.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Together, we ll focus on delighting consumers and delivering results as we unlock our full potential as a snacking industry leader.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The Company also expects Tariff expense, as understood today, to be approximately $160 million to $170 million A reported effective tax rate of approximately 30% and an adjusted effective tax rate of approximately 26%, reflecting the changing global business and tax landscape Other expense, which primarily reflects the write-down of equity investments that qualify for a tax credit, of approximately $30 million to $35 million Interest expense of approximately $195 million Capital expenditures of approximately $425 million and Advancing Agility Automation Initiative savings of approximately $150 million.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Price realization of approximately 7 points was in line with expectations reflecting strategic price increases across key markets.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

During the first quarter of 2024, we commenced the Advancing Agility Automation Initiative to improve supply chain and manufacturing-related spend, optimize selling, general and administrative expenses, leverage new technology and business models to further simplify and automate processes, and generate long-term savings.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Risks & headwinds

Additionally, the impact of foreign currency exchange rates is anticipated to be an approximate 30 basis point headwind to net sales growth for the full-year 2025.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The Company also expects Tariff expense, as understood today, to be approximately $160 million to $170 million A reported effective tax rate of approximately 30% and an adjusted effective tax rate of approximately 26%, reflecting the changing global business and tax landscape Other expense, which primarily reflects the write-down of equity investments that qualify for a tax credit, of approximately $30 million to $35 million Interest expense of approximately $195 million Capital expenditures of approximately $425 million and Advancing Agility Automation Initiative savings of approximately $150 million.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Reported and adjusted gross margin declines reflect higher 3 commodity and tariff costs along with unfavorable mix, which more than offset net price realization, supply chain productivity and transformation program savings.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

This decrease was driven by higher commodity and tariff costs and unfavorable mix, which was partially offset by net price realization, supply chain productivity and transformation program savings, and reduced business realignment and acquisition related expenses.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Adjusted operating profit margin of 13.3% declined 860 basis points versus the third quarter of 2024, as higher commodity and tariff costs along with unfavorable mix more than offset net price realization, supply chain productivity, and transformation program net savings.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The segment income and segment margin declines were driven by higher commodity and tariff costs and unfavorable mix, which were partially offset by net price realization, supply chain productivity and transformation program savings, and advertising and consumer marketing efficiencies during the third quarter.

SEC original ↗Hershey Company — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Documents

Earnings deck slides

0 decks with slide view

Hershey Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

British American Tobacco (BTI) Consumer StaplesJBS N.V. (JBS) Consumer StaplesAltria (MO) Consumer StaplesCostco (COST) Consumer StaplesSanfilippo John B & Son Inc. (JBSS) Consumer StaplesPhilip Morris International (PM) Consumer StaplesDollar General (DG) Consumer StaplesFEMSA (FMX) Consumer Staples

Filings

62 documents

Earnings releases

20 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Hershey Company are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Hershey Company by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.