HERSHEY CO (HSY)
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. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company 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. It 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, Sour Strips, 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. The company 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. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.
Open HERSHEY CO in the interactive graph- Ticker
- HSY
- SEC CIK
- 0000047111
- Sector
- Consumer Staples
- Industry
- Food Products
- Periods
- FY2025, FY2025 Q1, FY2026, FY2026 Q1, FY2026 Q3, FY2027
- Headquarters
- Hershey, PA
- Employees
- 17,550
Key figures
- Revenue 3.10B USD
- NetIncome 435.10M USD
- DilutedEPS 2.35 USD/share
Reported figures
- CapitalExpenditure 114.60M USD
- DilutedEPS 2.13 USD/share
- DilutedEPS 2.35 USD/share
- DilutedEPS 4.34 USD/share
- DilutedEPS 6.31 USD/share
- FreeCashFlow 354.21M USD
- GrossMargin 33.7 percent
- GrossMargin 39.4 percent
- GrossMargin 40.4 percent
- InterestExpense 49.82M USD
- NetIncome 435.10M USD
- OperatingIncome 15.30M USD
- OperatingIncome 34.30M USD
- OperatingIncome 640.70M USD
- OperatingIncome 686.50M USD
- OperatingIncome 792.40M USD
- OperatingMargin 20.6 percent
- OperatingMargin 22.1 percent
- OperatingMargin 31.8 percent
- OperatingMargin 5.8 percent
- OperatingMargin 9.8 percent
- OtherMetric 155.40M USD
- OtherMetric 25 percent
- OtherMetric 26.6 percent
- OtherMetric 7.9 percent
- Revenue 2.49B USD
- Revenue 264.20M USD
- Revenue 3.10B USD
- Revenue 350.10M USD
Guidance
- CapitalExpenditure guidance 425.00M–475.00M USD
- DilutedEPS guidance 30–35 percent
- DilutedEPS guidance 7.77–8.19 USD/share
- DilutedEPS guidance 79–89 percent
- DilutedEPS guidance 8.20–8.52 USD/share
- InterestExpense guidance 200.00M–210.00M USD
- OtherMetric guidance 100.00M USD
- OtherMetric guidance 15.00M–20.00M USD
- OtherMetric guidance 2.5–3.5 percent
- OtherMetric guidance 25–27 percent
- Revenue guidance 4–5 percent
Drivers
- Advertising and related consumer marketing expenses increased 5.8% reflecting double-digit
- Approximately 12 points of net price realization drove North America Confectionery organic
- Continued investments in capabilities and technology partially offset unallocated corporat
- Favorable shipment timing in select markets and continued strong performance in Brazil par
- Favorable timing of shipments in the North America Confectionery and International segment
- Foreign exchange benefit was 0.7 points in the first quarter
- Foreign rate differentials on commodity hedges drove reported effective tax rate decrease
- Hershey's and Reese's delivered first quarter non-seasonal retail sales lifts of 11% and 1
- Higher advertising investment decreased International segment income
- Higher capability and technology investments increased selling, marketing and administrati
- Higher commodity and tariff-related costs partially offset North America Confectionery seg
- Higher commodity and tariff-related costs partially offset gross margin improvements
- Higher sales, net price realization and lower derivative mark-to-market losses drove repor
- Higher sales, net price realization, supply chain productivity and transformation program
- Higher supply chain costs in part related to a voluntary temporary product withdrawal decr
- Higher volume and supply chain productivity partially offset North America Salty Snacks se
- Increased commodity and manufacturing costs decreased International segment income
- Increased consumer marketing investments decreased North America Salty Snacks segment inco
- Increased state taxes and foreign rate differentials driven by income mix across geographi
- LesserEvil acquisition contributed 2.0 point benefit to net sales
- LesserEvil acquisition contributed approximately 20 percentage points to North America Sal
- Net price realization of approximately 10 points drove organic, constant currency net sale
- Net price realization, lower derivative mark-to-market losses versus the same period last
- Planned reduction of sales to private label customers caused organic net sales to trail re
- Price realization was approximately 12 points in International segment driven by strategic
- Reduced consulting fees and lower compensation and benefit costs decreased unallocated cor
- Reduced consulting fees, lower compensation and benefit costs, and transformation program
- Sales growth, net price realization and supply chain productivity and transformation progr
- Timing of Q2 shipments and strong innovation performance partially offset North America Co
- Volume declined approximately 2 points reflecting elasticity impacts in both the North Ame
- Volume declined approximately 4 points in North America Confectionery reflecting price ela
- Volume decreased approximately 2% in International reflecting the impact of price elastici
- Volume increase of over 5 points in North America Salty Snacks reflecting strong innovatio
Risks
- Ability to hire, engage and retain a talented global workforce
- Ability to realize expected cost savings and operating efficiencies associated with strate
- Changes in governmental laws, regulations and policies, including taxes and tariffs
- Changes in raw material and other costs, along with the availability of adequate supplies
- Complications with the design, implementation or usage of new enterprise resource planning
- Disruptions or inefficiencies in supply chain due to the loss or disruption of essential m
- Disruptions, failures or security breaches of information technology infrastructure and th
- Failure to successfully execute and integrate acquisitions, divestitures and joint venture
- Impacts on the business arising from international conflicts and geopolitical tensions
- Increased marketplace competition
- Issues, concerns or regulatory changes related to the quality and safety of products, ingr
- Market demand for new and existing products
- Political, economic, and/or financial market conditions, including with respect to inflati
- Risks and uncertainties related to international operations
- Volume declines associated with pricing elasticity
Corporate events
- Acquisition of LesserEvil, LLC into North America Salty Snacks segment in 2025
- Acquisition of Sour Strips brand from Actual Candy, LLC into North America Confectionery s
- Advancing Agility & Automation Initiative commenced in first quarter of 2024 to improve su
Quotes
- “We kicked off the year strong and are on track to hit our financial targets for …”