# Hershey Co: overview

HSY · NYSE · CIK 47111 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/hsy.md) · [Financials](/companies/hsy/financials.md) · [Filings](/companies/hsy/filings.md) · [Insiders](/companies/hsy/insiders.md)

Latest reported revenue: [$3.28bn](/filings/0001628280-26-068136.md) for Q3 FY2026, three months to 2026-09-27, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-068136).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) | Q3 FY2026 (2026-09-27) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,888 d](/filings/0001628280-26-008586.md) | [2,805](/filings/0001628280-26-028682.md) | [2,615](/filings/0001628280-26-050900.md) | [3,181](/filings/0001628280-26-068136.md) | [3,091 d](/filings/0001628280-26-008586.md) | [3,104](/filings/0001628280-26-028682.md) | [2,787](/filings/0001628280-26-050900.md) | [3,276](/filings/0001628280-26-068136.md) |
| Gross margin | % | [54.0% d](/filings/0001628280-26-008586.md) | [33.7%](/filings/0001628280-26-028682.md) | [30.5%](/filings/0001628280-26-050900.md) | [32.6%](/filings/0001628280-26-068136.md) | [37.0% d](/filings/0001628280-26-008586.md) | [39.4%](/filings/0001628280-26-028682.md) | [45.3%](/filings/0001628280-26-050900.md) | [46.1%](/filings/0001628280-26-068136.md) |
| Operating margin | % | [32.5% d](/filings/0001628280-26-008586.md) | [13.2%](/filings/0001628280-26-028682.md) | [7.4%](/filings/0001628280-26-050900.md) | [13.7%](/filings/0001628280-26-068136.md) | [14.4% d](/filings/0001628280-26-008586.md) | [20.6%](/filings/0001628280-26-028682.md) | [23.1%](/filings/0001628280-26-050900.md) | [25.0%](/filings/0001628280-26-068136.md) |
| Net margin | % | [27.6% d](/filings/0001628280-26-008586.md) | [8.0%](/filings/0001628280-26-028682.md) | [2.4%](/filings/0001628280-26-050900.md) | [8.7%](/filings/0001628280-26-068136.md) | [10.4% d](/filings/0001628280-26-008586.md) | [14.0%](/filings/0001628280-26-028682.md) | [16.4%](/filings/0001628280-26-050900.md) | [17.7%](/filings/0001628280-26-068136.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [807 d](/filings/0001628280-26-008586.md) | [251](/filings/0001628280-26-028682.md) | [27.1 d](/filings/0001628280-26-050900.md) | [756 d](/filings/0001628280-26-068136.md) | [788 d](/filings/0001628280-26-008586.md) | [354](/filings/0001628280-26-028682.md) | [329 d](/filings/0001628280-26-050900.md) | [650 d](/filings/0001628280-26-068136.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [9.0](/filings/0000047111-24-000009.md) | [10.4](/filings/0000047111-25-000014.md) | [11.2](/filings/0001628280-26-008586.md) | [11.2](/filings/0001628280-26-008586.md) | [11.7](/filings/0001628280-26-008586.md) |
| Gross margin | % | [45.1%](/filings/0000047111-24-000009.md) | [43.2%](/filings/0000047111-25-000014.md) | [44.8%](/filings/0001628280-26-008586.md) | [47.3%](/filings/0001628280-26-008586.md) | [33.5%](/filings/0001628280-26-008586.md) |
| Operating margin | % | [22.8%](/filings/0000047111-24-000009.md) | [21.7%](/filings/0000047111-25-000014.md) | [22.9%](/filings/0001628280-26-008586.md) | [25.9%](/filings/0001628280-26-008586.md) | [12.3%](/filings/0001628280-26-008586.md) |
| Net margin | % | [16.5%](/filings/0000047111-24-000009.md) | [15.8%](/filings/0000047111-25-000014.md) | [16.7%](/filings/0001628280-26-008586.md) | [19.8%](/filings/0001628280-26-008586.md) | [7.6%](/filings/0001628280-26-008586.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $bn | [1.6](/filings/0000047111-24-000009.md) | [1.8](/filings/0000047111-25-000014.md) | [1.6](/filings/0001628280-26-008586.md) | [1.9](/filings/0001628280-26-008586.md) | [1.8](/filings/0001628280-26-008586.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hsy/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-28 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 716 | $164.0894 | $117.5k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-28 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 7,547 | $163.6115 | $1.2m | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-28 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 1,737 | $162.7182 | $282.6k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-27 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 103 | $166.1803 | $17.1k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-27 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 2,189 | $165.2998 | $361.8k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-27 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 5,409 | $164.4312 | $889.4k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-27 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 2,299 | $163.6508 | $376.2k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-26 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 2,368 | $168.2167 | $398.3k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-26 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 6,032 | $167.6288 | $1.0m | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-26 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 1,370 | $166.462 | $228.1k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-26 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 230 | $165.8311 | $38.1k | [Form 4](/filings/0000950142-26-002875.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 159 | $175.0881 | $27.8k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 209 | $174.5812 | $36.5k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 491 | $173.485 | $85.2k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 1,160 | $172.2352 | $199.8k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 298 | $171.7498 | $51.2k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 2,073 | $170.3379 | $353.1k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-23 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 5,610 | $169.6437 | $951.7k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-22 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 3,753 | $175.5121 | $658.7k | [Form 4](/filings/0000950142-26-002851.md) |
| 2026-10-22 | [Hershey Trust Co Trustee in Trust for Milton Hershey School](/insiders/938543.md) | 10% owner | Sale (S) | 4,361 | $174.5334 | $761.1k | [Form 4](/filings/0000950142-26-002851.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.30bn | 13,131,312 |  | Added +350,826 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.70bn | 9,683,520 |  | Added +56,829 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.28bn | 7,271,155 |  | Added +66,727 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.27bn | 7,227,295 |  | Reduced −92,760 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $990.7m | 5,646,902 |  | Added +1,704,037 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $835.2m | 4,760,502 |  | Added +461,752 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $748.3m | 4,280,665 |  | Added +85,113 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $614.1m | 3,500,000 |  | Added +750,000 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $527.1m | 3,004,051 |  | Added +13,631 |
| [ROYAL BANK OF CANADA](/funds/1000275.md) | 2026-06-30 | $507.3m | 2,891,678 |  | Reduced −144,778 |

## Recent filings

[All 2,592 filings](/companies/hsy/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 13:45 ET | [10-Q](/filings/0001628280-26-068136.md) | Quarterly report, period 2026-09-27 | 0001628280-26-068136 |
| 2026-10-29 | 08:27 ET | [8-K](/filings/0001628280-26-068046.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-068046 |
| 2026-09-02 | 16:31 ET | [8-K](/filings/0001628280-26-060131.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-060131 |
| 2026-07-30 | 10:32 ET | [10-Q](/filings/0001628280-26-050900.md) | Quarterly report, period 2026-06-28 | 0001628280-26-050900 |
| 2026-07-30 | 06:48 ET | [8-K](/filings/0001628280-26-050769.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-050769 |
| 2026-06-09 | 16:11 ET | [8-K](/filings/0001628280-26-041894.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-041894 |
| 2026-05-28 | 16:26 ET | [8-K](/filings/0001628280-26-038847.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-038847 |
| 2026-05-08 | 16:31 ET | [8-K](/filings/0001628280-26-032947.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-032947 |
| 2026-04-30 | 11:51 ET | [10-Q](/filings/0001628280-26-028682.md) | Quarterly report, period 2026-03-29 | 0001628280-26-028682 |
| 2026-04-30 | 06:47 ET | [8-K](/filings/0001628280-26-028569.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-028569 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-008586.md), filed Feb 17, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-28, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/8e8319e0-dbfa-4d78-a4bc-1110f03969bd)

## About the filer

- CIK: 47111
- Tickers: HSY
- Exchange: NYSE
- SIC code: 2060 Sugar & Confectionery Products
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 13:53 ET. No prices; not investment advice.