HSY · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
HERSHEY CO · 2026-10-29 · Importance 49 · Surprise 6 · In source text
At September 27, 2026, cash and cash equivalents were $676.7 million, down $249.2 million from year-end 2025, while short- and long-term debt totaled $5.1 billion. Current long-term debt was $197.8 million, including $193.6 million of 7.200% Debentures due August 15, 2027. Hershey repaid $500 million of 2.300% Notes in the first nine months of 2026 and said operating cash, new debt issuance or its unsecured credit facility could meet debt obligations.
Key facts
- Hershey repaid $500 million of 2.300% Notes due in August 2026 during the first nine months of 2026 and had no long-term borrowings during that period. source
- During the first nine months of 2025, Hershey issued four note tranches of $500 million each: 4.550% Notes due February 2028, 4.750% Notes due February 2030, 4.950% Notes due February 2032, and 5.100% Notes due February 2035. source
- Of the $197.8 million current portion of long-term debt at September 27, 2026, $193.6 million was principal on 7.200% Debentures due August 15, 2027. source
- At September 27, 2026, Hershey had $676.7 million of cash and cash equivalents, down $249.2 million from the 2025 year-end balance. source
- At September 27, 2026, Hershey had $5.1 billion of short- and long-term debt, including $197.8 million classified as the current portion of long-term debt. source
- Hershey used $1,600.8 million for financing activities in the first nine months of 2026, compared with $536.4 million in the same period of 2025. source
- Hershey used $1.1 billion during the first nine months of 2025, predominantly to reduce outstanding short-term commercial paper borrowings. source
- Net proceeds from the 2025 Notes issuance, after discounts and issuance costs, totaled $2.0 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -7.7% | Hershey used $1,600.8 million for financing activities in the first nine months of 2026, compared with $536.4 million in the same period… |
| cash | negative | realized | -3.6% | Hershey repaid $500 million of 2.300% Notes due in August 2026 during the first nine months of 2026 and had no long-term borrowings during… |
| liability | positive | realized | +3.6% | Hershey repaid $500 million of 2.300% Notes due in August 2026 during the first nine months of 2026 and had no long-term borrowings during… |
| cash | negative | realized | -1.8% | At September 27, 2026, Hershey had $676.7 million of cash and cash equivalents, down $249.2 million from the 2025 year-end balance. |