Form 10-Q · Quarterly report
The Hershey Company 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0000047111
- Accession no.
- 0001628280-26-068136
Summary
The Hershey Company reported third-quarter 2026 net sales of $3,275.5 million, up 3.0% from a year earlier on roughly 11% price realization and a 2% benefit from the 2025 LesserEvil acquisition, partly offset by about a 10% volume decline. Net income rose to $580.8 million, or $2.88 per diluted share, from $276.3 million, or $1.36, with gross margin expanding to 46.1% on lower commodity costs, tariff refunds and savings from its AAA Initiative, while the company flagged tariff and Middle East conflict uncertainty and continued logistics cost pressure.
Key points
- Third-quarter net sales rose 3.0% to $3,275.5 million and operating profit rose 88.1% to $817.7 million, with gross margin at 46.1% versus 32.6% a year earlier.
- Hershey completed its acquisition of privately held organic popcorn and puffed snack maker LesserEvil, LLC on November 18, 2025.
- First-nine-month net sales were $9,167.0 million, up 6.6%, and net income was $1,473.6 million, or $7.27 per diluted share, versus $563.2 million, or $2.77.
- Hershey said it is monitoring U.S. tariffs on imports from Canada, Mexico and elsewhere, tariff refunds, and the Middle East conflict, which had no material impact on commodity prices or supply availability in the first nine months of 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT’S DISCUSSION OVERVIEW Hershey is a global confectionery leader known for making more moments of goodness through chocolate, sweets, mints and other great tasting snacks. We are the largest producer of quality chocolate in North America, a leading snack maker in the United States (“U.S.”) and a global leader in chocolate and non-chocolate confectionery. We market, sell and distribute our products under more than 85 brand names in approximately 65 countries worldwide. Our principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products and protein bars; pantry items, such as baking ingredients, toppings and beverages; …
An excerpt of the text as filed with the SEC, cut for length.
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