The Hershey Company
NYSE•HSY
CEO: Ms. Michele Gross Buck
Sector: Consumer Defensive
Industry: Food Confectioners
Listing Date: 1980-03-17
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The company exports its products in approximately 80 countries worldwide. The Hershey Company was founded in 1894 and is headquartered in Hershey, Pennsylvania.
Contact Information
Market Cap
$38.38B
P/E (TTM)
28.3
0
Dividend Yield
2.9%
52W High
$199.00
52W Low
$140.13
52W Range
Rank11Top 0.8%
7.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 7.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$3.18B+6.49%
4-Quarter Trend
EPS
$1.36-38.18%
4-Quarter Trend
FCF
$1.15B+102.03%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Q3 Net Sales Growth Q3 Net sales increased 6.5% to $3.18B, driven by favorable price realization of approximately 6% across segments.
Strong Cash Position Cash and cash equivalents totaled $1.16B as of September 28, 2025, representing a $432.3M increase from year-end 2024.
Salty Snacks Market Share North America Salty Snacks Q3 sales grew 10.0% to $321.0M, achieving a 48 basis point market share increase.
Long-Term Debt Issuance Issued $2.0B in new long-term debt during the first nine months of 2025, increasing total long-term debt balance.
Risk Factors
Gross Margin Erosion Q3 Gross Margin fell 870 basis points to 32.6% from 41.3%, driven by unfavorable commodity and tariff costs.
Net Income Significantly Down Nine months net income decreased 60.5% to $563.2M compared to $1.42B in 2024 due to higher input costs.
Elevated Cocoa Prices Average cocoa futures price rose 15% in 9M 2025 versus 2024 average, creating ongoing cost uncertainty.
Operating Profit Decline Nine months operating profit decreased 49.1% to $996.6M, primarily due to lower gross profit and higher SM&A expenses.
Outlook
LesserEvil Acquisition Expected Merger agreement signed to acquire LesserEvil, LLC; expects closing by the end of 2025 pending regulatory satisfaction.
AAA Initiative Savings Target Expect ongoing annual savings of approximately $400.0M from the Advancing Agility & Automation Initiative through 2026.
Capital Spending Moderation Expect 2025 capital expenditures around $425M, reflecting wind down of major ERP system upgrade activities.
New Tax Disclosure Adoption Intends to adopt ASU 2023-09 regarding income tax disclosures in the fourth quarter of 2025 on a prospective basis.
Peer Comparison
Revenue (TTM)
KR$147.23B
TGT$105.64B
ADM$83.23B
Gross Margin (Latest Quarter)
KDP54.3%
51.5%
KMB35.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| TGT | $44.54B | 11.8 | 24.9% | 33.4% |
| CCEP | $42.34B | 23.5 | 18.6% | 37.8% |
| KR | $41.36B | 51.8 | 9.4% | 49.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
-29.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 5, 2026
EPS:$1.39
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 28, 2025|Filed: Oct 30, 2025|Revenue: $3.18B+6.5%|EPS: $1.36-38.2%BeatForm 10-Q - Q2 2025
Period End: Jun 29, 2025|Filed: Jul 30, 2025|Revenue: $2.61B+26.0%|EPS: $0.31-65.2%MissForm 10-Q/A - Q1 2025
Period End: Mar 30, 2025|Filed: Jul 3, 2025|Revenue: $2.81B-13.8%|EPS: $1.11-71.5%MissForm 10-Q/A - Q1 2025
Period End: Mar 30, 2025|Filed: May 20, 2025|Refer to amended dataForm 10-Q - Q1 2025
Period End: Mar 30, 2025|Filed: May 1, 2025|Refer to amended dataForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 18, 2025|Revenue: $11.20B+0.3%|EPS: $10.97+20.7%BeatForm 10-Q - Q3 2024
Period End: Sep 29, 2024|Filed: Nov 7, 2024|Revenue: $2.99B-1.4%|EPS: $2.20-13.0%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $2.07B-16.7%|EPS: $0.89-55.3%Miss