HSY · 10-Q · 2026Q3 · Full report

Geographic Market Commentary

HERSHEY CO · 2026-10-29 · Importance 30 · Surprise 40

International segment net sales declined 7.5% in the third quarter of 2026, as volume fell approximately 14%, primarily driven by price elasticity across markets; favorable pricing of approximately 4% and foreign exchange of approximately 2% partly offset the decline. For the first nine months, International net sales increased 4.4%, driven by approximately 8% favorable price realization and a 4% favorable foreign-exchange impact, partly offset by approximately 8% volume declines across certain key markets. The segment manufactures in Mexico, Brazil, India and Malaysia and sells into export markets in Latin America, Europe, Asia-Pacific, the Middle East and Africa.

Key facts

• A significant escalation or expansion of Middle East-related economic or supply chain disruptions, or broader inflationary costs, may materially adversely affect Hershey’s results of operations. source
• Hershey is monitoring the Middle East conflict for potential supply chain disruptions and elevated freight costs. source
• Hershey disclosed that political, economic, and financial-market conditions, including effects of the ongoing Middle East conflict, could negatively affect financial results. source
• The Middle East conflict had no material impact on Hershey’s commodity prices or supply availability during the first nine months of 2026. source