Short answer
Hershey Company (The) (HSY) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $11.7B (+4.4% year over year) and net income of $883M.
- Top risk flagged: Regulatory risk: Commodity price volatility oversight by CFTC affecting cocoa costs, primary incremental cost to business
FY2025 key financial metrics · XBRL
- Revenue
- $11.7B
- +4.4% YoY
- Net income
- $883M
- −60.2% YoY
- Operating margin
- 12.3%
- −13.5 pp YoY
- Gross margin
- 33.5%
- −13.8 pp YoY
- ROE
- 19.0%
- −28.1 pp YoY
- Operating cash flow
- $2.3B
- −10.0% YoY
Source: XBRL data from the Hershey Company (The) (HSY) FY2025 10-K on SEC EDGAR. USD.
Hershey Company (The) FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global confectionery and snack manufacturer with segments in North America Confectionery, North America Salty Snacks, and International markets
- New acquisitions: LesserEvil organic popcorn (Nov 2025) and Sour Strips sour candy (Nov 2024), expanding snack portfolio and manufacturing capacity
- Strategic shift: Multi-year Advancing Agility & Automation Initiative launched in Feb 2024 to enhance supply chain, reduce costs, and automate processes
- Quantitative metric: Total workforce about 19,595 employees worldwide as of Dec 31, 2025, with 28% covered by collective bargaining agreements
- Noteworthy fact: 27% of consolidated net sales in 2025 made to major distributor McLane Company, emphasizing distribution concentration
Management Discussion & Analysis
- Data insufficient to extract revenue, profitability, segment, cash flow, or forward-looking details from provided text
Risk Factors
- Regulatory risk: Commodity price volatility oversight by CFTC affecting cocoa costs, primary incremental cost to business
- Geopolitical/macro risk: Uncertain macroeconomic environment in emerging international markets restrains profitable growth investments
- Operational risk: Integration of multiple acquisitions (LesserEvil, Sour Strips, Weaver assets) creates manufacturing capacity and synergies challenge
- Competitive risk: Expansion into organic and healthy snacks segments intensifies competition against specialty brands like LesserEvil acquired in 2025
- Financial risk: Inflationary pressures and higher manufacturing costs persist despite strategic price increases, pressuring gross margins
Generated from the filing text; verify against the original. How to read a 10-K
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