HSY · 10-Q · 2026Q3

HERSHEY CO

Filed 2026-10-29 · Consumer · View original filing on EDGAR

Everything HSY's SEC filings said, ranked

Ranked Events

• Net Income and ProfitabilityImportance 69 · Surprise 64
  Third-quarter net income increased 110.2% to $580.8 million and diluted EPS increased 111.8% to $2.88. First-nine-month net income rose 161.6% to $1,473.6 million, while diluted EPS rose 162.5% to $7.27. Higher gross…
• Operating Income and MarginsImportance 69 · Surprise 64
  Third-quarter operating profit increased 88.1% to $817.7 million and operating margin rose to 25.0% from 13.7%, primarily on higher gross profit, partly offset by increased SM&A. First-nine-month operating profit rose…
• Gross Margin DriversImportance 69 · Surprise 64
  Third-quarter gross margin increased to 46.1% from 32.6%, a 1,350-basis-point improvement, as cost of sales fell $379.6 million to $1,764.5 million. The decline included $367.0 million primarily from lower commodity…
• Segment ProfitabilityImportance 58 · Surprise 56
  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 Tax Rate ChangesImportance 57 · Surprise 64
  The effective tax rate for the first nine months of 2026 was 24.4%, down from 33.3% in the same 2025 period. The lower 2026 rate reflected tax reserves and foreign rate differentials related to mark-to-market activity.…
• Acquisition / Partnership / DivestitureImportance 52 · Surprise 68
  Hershey completed its acquisition of LesserEvil, LLC on November 18, 2025; the acquired company makes organic popcorn and puffed snacks for retailers and distributors in the United States and Canada. Hershey said the…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  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…
• Operating Cash Flow TrendsImportance 48 · Surprise 40
  Cash from operating activities increased $288.0 million to $1,638.8 million in the first nine months of 2026 from $1,350.8 million in 2025. Net income adjusted for non-cash charges contributed $486.2 million of higher…
• Capital ExpendituresImportance 47 · Surprise 32
  Hershey reported capital expenditures, including capitalized software, of $305.0 million for the first nine months of 2026, compared with $316.5 million in the same 2025 period. The company expects full-year 2026…
• Segment Revenue PerformanceImportance 47 · Surprise 48
  Third-quarter North America Confectionery sales increased 1.6% to $2,656.5 million, with approximately 13% favorable pricing offset by an approximately 11% volume decline. North America Salty Snacks sales rose 22.3% to…
• Share Repurchase ProgramImportance 44 · Surprise 24
  Hershey used $439.4 million for share repurchases in the first nine months of 2026, including $200.0 million under pre-approved programs and $239.4 million to replace treasury shares issued for compensation. The…
• Operating Expense TrendsImportance 42 · Surprise 40
  Third-quarter SM&A expense increased 15.4% to $692.8 million, with non-advertising SM&A up 14.5% due to capability and technology investment and advertising and consumer marketing up 17.1%. First-nine-month SM&A…
• Revenue Performance and MixImportance 37 · Surprise 32
  Third-quarter 2026 net sales rose 3.0% to $3,275.5 million, while first-nine-month sales increased 6.6% to $9,167.0 million. Price realization contributed approximately 11% and the LesserEvil acquisition approximately…
• Dividend DeclarationImportance 36 · Surprise 14
  Hershey paid $859.2 million in dividends to Common Stock and Class B Common Stock holders during the first nine months of 2026, up $45.3 million from $814.0 million in 2025. Each of the three 2026 quarterly payments…
• Geographic Market CommentaryImportance 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…
• Trade Policy and TariffsImportance 26 · Surprise 24
  Hershey is monitoring evolving tariffs on U.S. imports, including goods from Canada, Mexico, and other countries, as well as tariffs affecting export markets. Tariff refunds contributed to lower cost of sales and…
• Market Demand TrendsImportance 25 · Surprise 32
  In the third quarter of 2026, U.S. retail takeaway rose 2.2% across expanded MULO+ with Convenience channels, while CMG takeaway increased 0.8% and CMG market share declined. Salty consumer takeaway, excluding…
• Macroeconomic Consumer PressureImportance 17 · Surprise 24
  Hershey describes a persistently dynamic macroeconomic environment, with commodity-price volatility, fluctuating consumer shopping and consumption behavior, and geopolitical uncertainty. The company warns that these…

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