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The Hershey Company (HSY)

160.28 -3.49 (-2.13%)
At close: October 29 at 4:00:02 PM EDT
160.74 +0.46 (+0.29%)
Overnight: 11:50:11 PM EDT
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HSY Q3 2026 earnings call
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What's happening with HSY?

39m ago
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Hershey delivered a strong Q3 2026 earnings beat, supported by pricing, lower commodity costs, productivity savings, and tariff refunds. However, weak volumes, softer Halloween demand, cocoa volatility, and consumer financial pressure remain central risks as management targets modest 2027 sales growth and double-digit adjusted EPS growth.

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  • Previous Close 163.77
  • Open 161.78
  • Bid --
  • Ask --
  • Day's Range 159.89 - 166.30
  • 52 Week Range 156.16 - 239.48
  • Volume 2,615,057
  • Avg. Volume 1,433,887
  • Market Cap (intraday) 32.204B
  • Beta (5Y Monthly) 0.09
  • PE Ratio (TTM) 22.39
  • EPS (TTM) 7.16
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield 5.81 (3.55%)
  • 1y Target Est 193.48
  • Morningstar Rating Rating available with Stock Picks access

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. It provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Sour Strips, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. The company markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.

www.thehersheycompany.com

17,550

Full Time Employees

December 31

Fiscal Year Ends

Confectioners

Industry

Recent News

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Performance Overview

Trailing total returns as of 10/29/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

HSY
9.96%
S&P 500 (^GSPC)
12.78%

1-Year Return

HSY
5.80%
S&P 500 (^GSPC)
12.04%

3-Year Return

HSY
4.81%
S&P 500 (^GSPC)
87.51%

5-Year Return

HSY
3.68%
S&P 500 (^GSPC)
67.64%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 3.28B
Earnings 580.81M
Profit Margin 17.73%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
1B
2B
3B
12.0%
14.0%
16.0%

Analyst Insights

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Analyst Price Targets

170.00
193.48 Average
160.28 Current
238.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/16/2026
Analyst Barclays
Rating Action Maintains
Rating Equal-Weight
Price Action Lowers
Price Target 200 -> 178

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    12.24%

  • Return on Assets (ttm)

    9.92%

  • Return on Equity (ttm)

    32.81%

  • Revenue (ttm)

    12.16B

  • Net Income Avi to Common (ttm)

    1.49B

  • Diluted EPS (ttm)

    7.16

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    791.21M

  • Total Debt/Equity (mrq)

    129.82%

  • Levered Free Cash Flow (ttm)

    1.74B

Company Insights

Research Reports

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