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Hershey 8-K Report, Financial Results (Oct 30, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 30, 2025
Period End
October 30, 2025
Security
HSY
In the record · 2016–202610-K1110-Q358-K142

HSY filed 11 annual reports (10-K), 35 quarterly reports (10-Q) and 142 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jan ’18Jan ’18
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Material agreement8-K · Feb ’22Feb ’22
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed October 30, 2025. Cited figures are marked; the original filing is the authoritative source.

The Hershey Company (NYSE: HSY) reported third-quarter 2025 results for the period ended September 28, 2025, with consolidated net sales of $3,181.4 milliona, up 6.5%, and organic, constant currency net sales up 6.2%, driven by net price realization of approximately 6 points.

Reported net income was $276.3 millionb, or $1.36 per diluted share, a decrease of 38.2%, and adjusted diluted EPS was $1.30, a decrease of 44.4%. Reported gross margin fell to 32.6% from 41.3%, reflecting higher commodity and tariff costs and unfavorable mix, which more than offset net price realization and productivity savings. The company raised its full-year 2025 net sales growth outlook to approximately 3% from at least 2%, and raised its adjusted EPS outlook to the upper half of the prior range, now down 36% to 37%.

Reported EPS is now expected to decline 48% to 50%. Guidance includes tariff expense of approximately $160 million to $170 millionc and does not include the proposed acquisition of LesserEvil. Management said third-quarter results surpassed expectations, citing innovation, brand investment and execution.

By segment, North America Confectionery net sales rose 5.6% to $2,615.6 milliond but segment income fell 21.2% to $571.5 million. North America Salty Snacks net sales rose 10.0% to $321.0 million, with segment income up 6.9%.

International net sales rose 12.1% to $244.8 million, but the segment posted a $13.6 million loss. Balance sheet data show long-term debt rising to $4,677.1 million at September 28, 2025 from $3,190.2 million at December 31, 2024.

02—Key points

Key Highlights

  1. Third-quarter net sales of $3,181.4 million, up 6.5%; organic, constant currency net sales up 6.2%, with net price realization of approximately 6 points.
  2. Reported diluted EPS of $1.36, down 38.2%; adjusted diluted EPS of $1.30, down 44.4%.
  3. Reported gross margin of 32.6% versus 41.3% a year earlier, pressured by higher commodity and tariff costs and unfavorable mix.
  4. Full-year 2025 net sales growth outlook raised to approximately 3% from at least 2%; adjusted EPS outlook raised to the upper half of the prior range, now down 36% to 37%.
  5. Reported full-year EPS now expected to decline 48% to 50%; tariff expense expected at approximately $160 million to $170 million.
  6. North America Confectionery segment income fell 21.2% to $571.5 million, while North America Salty Snacks segment income rose 6.9% to $57.7 million.
  7. International segment posted a $13.6 million loss in the quarter; long-term debt increased to $4,677.1 million at September 28, 2025 from $3,190.2 million at December 31, 2024.

03—Questions

Frequently Asked Questions

  1. Did Hershey beat its own expectations in the third quarter of 2025?

    Management stated that third-quarter results surpassed expectations, citing strong innovation, strategic brand investments and market-leading execution. Net sales rose 6.5% to $3,181.4 million, but adjusted diluted EPS fell 44.4% to $1.30.

  2. Why did profitability decline despite higher sales?

    The filing attributes the decline mainly to higher commodity and tariff costs and unfavorable mix. These more than offset net price realization, supply chain productivity and transformation program savings. Reported gross margin fell to 32.6% from 41.3%, and reported operating profit decreased 29.1%.

  3. How did the full-year 2025 outlook change?

    Net sales growth guidance was raised to approximately 3% from up at least 2%. Adjusted EPS growth guidance moved to down 36% to 37% from down 36% to 38%, in the upper half of the prior range. Reported EPS growth guidance is down 48% to 50%, versus the prior down approximately 50%. The guidance does not include the proposed LesserEvil acquisition.

  4. Which segments drove results?

    North America Salty Snacks net sales rose 10.0%, with volume up approximately 11 points. North America Confectionery net sales rose 5.6%, but its segment income fell 21.2% to $571.5 million. International net sales rose 12.1%, but the segment posted a $13.6 million loss, with segment margin of (5.6)%.

  5. What did the company say about its cost outlook and balance sheet?

    The company expects tariff expense of approximately $160 million to $170 million, interest expense of approximately $195 million and capital expenditures of approximately $425 million. Long-term debt rose to $4,677.1 million at September 28, 2025 from $3,190.2 million at December 31, 2024, and cash and cash equivalents were $1,163.0 million.

04—Continue

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