HSY · 10-Q · 2026Q3 · Full report

Segment Profitability

HERSHEY CO · 2026-10-29 · Importance 58 · Surprise 56 · Matches filing data

First-nine-month North America Confectionery segment income increased 38.2% to $2,447.9 million, driven by price realization, lower commodity costs, tariff refunds and AAA savings. North America Salty Snacks segment income fell 13.1% to $144.3 million, reflecting higher supply-chain costs, including costs related to a voluntary temporary product withdrawal, and increased SM&A. International shifted from $34.9 million of income to a $19.9 million loss, as higher supply-chain, commodity and manufacturing costs outweighed favorable pricing, mix and AAA savings.

Key facts

• Third-quarter North America Confectionery segment income was $949.7 million, up $378.2 million or 66.2% from $571.5 million; growth was driven by price realization, lower net commodity costs, tariff refunds, and AAA Initiative savings, partly offset by lower volumes and higher marketing investment. source
• First-nine-months North America Confectionery segment income was $2,447.9 million, up $676.1 million or 38.2% from $1,771.8 million; growth was driven by price realization, lower commodity costs, tariff refunds, and AAA Initiative savings, partly offset by lower volumes and higher marketing investments. source
• First-nine-months North America Salty Snacks segment income was $144.3 million, down $21.8 million or 13.1% from $166.1 million, primarily due to higher supply chain costs, including costs related to a voluntary temporary product withdrawal, and increased SM&A expenses, partly offset by increased volume. source
• Third-quarter North America Salty Snacks segment income was $47.4 million, compared with $57.7 million in the same quarter of 2025, a decrease of $10.4 million or 17.9%, driven by higher supply chain costs, increased net commodity costs, and higher consumer marketing costs. source
• Third-quarter 2026 International segment loss was $30.0 million, compared with a $13.6 million loss in third-quarter 2025, driven by higher commodity and manufacturing costs and lower volumes, partly offset by favorable price realization, AAA Initiative savings, and favorable mix. source
• First-nine-months 2026 International segment generated a $19.9 million loss, compared with $34.9 million income in the first nine months of 2025, driven by higher supply chain, commodity, and manufacturing costs, partly offset by favorable price realization, favorable mix, and AAA Initiative savings. source

Impact estimates