The Hershey Company logo

The Hershey Company

HSY

NYSEConsumer DefensiveFood Confectioners

Previous close

$186.46

−$1.85 · -0.98%

Aug 21, 4:00 PM ET

HSY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

43

Fair Value

Momentum

35

Weakening

Sentiment

58

Mixed

Risk resilience

66

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

The Hershey Company, operating with its various subsidiaries, serves as a key manufacturer and distributor of both sweet confections and general household pantry items. Its market reach extends across the United States and globally. The enterprise strategically divides its operations into three main business segments: North America Confectionery, North America Salty Snacks, and an International division. Its extensive product catalog features a wide array of offerings. This includes various chocolate and non-chocolate candies, as well as refreshing chewing gums and mints. Beyond traditional treats, Hershey also supplies pantry essentials such as baking ingredients, dessert toppings, a range of beverages, and sundae syrups. Furthermore, their snack collection encompasses diverse items like spreads, meat snacks, various bars and snack bites, popcorn, and protein bars. The company markets its broad product line under numerous iconic brand names. Its extensive brand portfolio includes household names such as Hershey's, Reese's, Kisses, Jolly Rancher, Kit Kat, Twizzlers, York, and Ice Breakers, alongside other popular confectionery brands like Almond Joy, Cadbury, Heath, Payday, Rolo, and Whoppers. The snack segment features well-known names like SkinnyPop, Pirates Booty, Paqui, Dot's Homestyle Pretzels, and ONE Bar, complemented by international offerings such as Pelon Pelo Rico, IO-IO, and Sofit. Hershey distributes its merchandise through a comprehensive network of channels. These include wholesale distributors, major grocery store chains, large-scale retailers, pharmacies, vending machine operators, warehouse clubs, convenience stores, discount stores, concession stands, and department stores. Established in 1894, The Hershey Company maintains its corporate headquarters in Hershey, Pennsylvania.

Industry
Food Confectioners
Sector
Consumer Defensive
Headquarters
US
CEO
Kirk C. Tanner
Listed since
Mar 17, 1980
Employees
18,573

Market position

Day range

Current $186.46

52-week range

Current $186.46

Open
$187.07
Previous close
$188.31
Volume
719.75K
0.37× average
Average volume
1.92M
Average daily volume
Market cap
37.82B USD
Beta
0.1
Market reference 1
50-day average
$178.54
+4.43% above average
200-day average
$192.09
-2.93% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
41.47B USD
P/E (TTM)
25.27×
P/B (TTM)
8.12×
P/S (TTM)
3.11×
EV / EBITDA
21.24×
Earnings yield
2.39%
Free cash flow yield
4.73%
Dividend yield
3.07%

Profitability & efficiency

Gross margin
38.11%
Operating margin
17.58%
Net margin
12.24%
Return on equity
19.05%
Return on assets
6.43%
Return on invested capital
9.00%

Financial health

Debt / equity
1.23×
Current ratio
1.19×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%35%19%4%Gross margin, FY2021: 45.13%Gross margin, FY2022: 43.18%Gross margin, FY2023: 44.76%Gross margin, FY2024: 47.32%Gross margin, FY2025: 33.27%Operating margin, FY2021: 22.78%Operating margin, FY2022: 21.70%Operating margin, FY2023: 22.94%Operating margin, FY2024: 25.87%Operating margin, FY2025: 12.12%Net margin, FY2021: 16.47%Net margin, FY2022: 15.79%Net margin, FY2023: 16.68%Net margin, FY2024: 19.83%Net margin, FY2025: 7.55%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 45.13%. Gross margin FY2022 43.18%. Gross margin FY2023 44.76%. Gross margin FY2024 47.32%. Gross margin FY2025 33.27%. Operating margin FY2021 22.78%. Operating margin FY2022 21.70%. Operating margin FY2023 22.94%. Operating margin FY2024 25.87%. Operating margin FY2025 12.12%. Net margin FY2021 16.47%. Net margin FY2022 15.79%. Net margin FY2023 16.68%. Net margin FY2024 19.83%. Net margin FY2025 7.55%.

Income trends

Revenue

11.69B USD+4.38%

Operating income

1.42B USD-51.11%

Net income

883.26M USD-60.24%
Income trends across reported periods12.77B USD8.45B USD4.13B USD−197.67M USDRevenue, FY2021: 8.97B USDRevenue, FY2022: 10.42B USDRevenue, FY2023: 11.16B USDRevenue, FY2024: 11.2B USDRevenue, FY2025: 11.69B USDOperating income, FY2021: 2.04B USDOperating income, FY2022: 2.26B USDOperating income, FY2023: 2.56B USDOperating income, FY2024: 2.9B USDOperating income, FY2025: 1.42B USDNet income, FY2021: 1.48B USDNet income, FY2022: 1.64B USDNet income, FY2023: 1.86B USDNet income, FY2024: 2.22B USDNet income, FY2025: 883.26M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.97B USD. Revenue FY2022 10.42B USD. Revenue FY2023 11.16B USD. Revenue FY2024 11.2B USD. Revenue FY2025 11.69B USD. Operating income FY2021 2.04B USD. Operating income FY2022 2.26B USD. Operating income FY2023 2.56B USD. Operating income FY2024 2.9B USD. Operating income FY2025 1.42B USD. Net income FY2021 1.48B USD. Net income FY2022 1.64B USD. Net income FY2023 1.86B USD. Net income FY2024 2.22B USD. Net income FY2025 883.26M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue11.69B USD11.2B USD11.16B USD10.42B USD8.97B USD
Cost of goods sold7.8B USD5.9B USD6.17B USD5.92B USD4.92B USD
Gross profit3.89B USD5.3B USD5B USD4.5B USD4.05B USD
Selling, general, and administrative2.45B USD2.26B USD2.44B USD2.24B USD2B USD
Operating expenses2.47B USD2.4B USD2.44B USD2.24B USD2B USD
Interest income28.43M USD8.66M USD9.73M USD2.54M USD2.43M USD
Interest expense207.44M USD174.32M USD161.51M USD140.1M USD129.85M USD
Depreciation and amortization503.7M USD455.26M USD419.82M USD378.96M USD315M USD
Operating income1.42B USD2.9B USD2.56B USD2.26B USD2.04B USD
Net income883.26M USD2.22B USD1.86B USD1.64B USD1.48B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+11.62%
11 comparable reports
Latest EPS result
1.9
Estimate 1.43 · Beat by 32.87%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.832.171.510.86Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 2.69, estimate 2.4, surprise +12.08%, Beat. Q2 2025, reported May 1, 2025: actual 2.09, estimate 1.94, surprise +7.73%, Beat. Q3 2025, reported Jul 30, 2025: actual 1.21, estimate 0.993, surprise +21.85%, Beat. Q4 2025, reported Oct 30, 2025: actual 1.3, estimate 1.07, surprise +21.50%, Beat. Q1 2026, reported Feb 5, 2026: actual 1.71, estimate 1.4, surprise +22.14%, Beat. Q2 2026, reported Apr 30, 2026: actual 2.35, estimate 2.04, surprise +15.20%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.9, estimate 1.43, surprise +32.87%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 2.11, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.39B3.06B2.72B2.39BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 2.89B USD, estimate 2.84B USD, surprise +1.66%, Beat. Q2 2025, reported May 1, 2025: actual 2.81B USD, estimate 2.79B USD, surprise +0.51%, Beat. Q3 2025, reported Jul 30, 2025: actual 2.61B USD, estimate 2.52B USD, surprise +3.60%, Beat. Q4 2025, reported Oct 30, 2025: actual 3.18B USD, estimate 3.12B USD, surprise +2.04%, Beat. Q1 2026, reported Feb 5, 2026: actual 3.09B USD, estimate 2.98B USD, surprise +3.72%, Beat. Q2 2026, reported Apr 30, 2026: actual 3.1B USD, estimate 3.03B USD, surprise +2.52%, Beat. Q3 2026, reported Jul 30, 2026: actual 2.79B USD, estimate 2.63B USD, surprise +5.84%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 3.26B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$204.62

9.74% upside
Past 12 months12-month forecastHigh $240Average $204.62Low $185

Rating distribution

35 ratings
Strong buy00%
Buy823%
Hold2469%
Sell39%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$5.48

2025 complete year+60.7% since 2021

2026 partial: $4.356

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 14, 2026

$1.452

Quarterly

Record Aug 14, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend May 15, 2026

$1.452

Quarterly

Record May 15, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Feb 17, 2026

$1.452

Quarterly

Record Feb 17, 2026 · Payment Mar 16, 2026

Dividend

Ex-dividend Nov 17, 2025

$1.37

Quarterly

Record Nov 17, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 15, 2025

$1.37

Quarterly

Record Aug 15, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 16, 2025

$1.37

Quarterly

Record May 16, 2025 · Payment Jun 16, 2025

HSY peers

ETFs holding HSY

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research HSY

research.disclaimer