Hershey Company (The) (HSY) Q3 2025 10-Q Quarterly Report

Filed: Oct 30, 2025Period ending Sep 28, 2025
Consumer Staples
Sugar & Confectionery ProductsSEC EDGAR

Hershey Company (The) (HSY) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 28, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Hershey Company (The) Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $3.18B Q3 2025, up 6.5% YoY from $2.99B, driven by pricing and volume in Salty Snacks; 9-month revenue $8.60B, up 3.4% YoY
  • Operating margin 13.7% Q3 2025 vs 20.5% YoY; gross margin 32.6% Q3 2025 vs 41.3% YoY due to higher commodity, tariff costs
  • Best segment: North America Salty Snacks income up 6.9% Q3 to $57.7M with 10.0% sales growth; worst: International segment loss of $13.6M Q3 vs income $14.2M YoY
  • Cash increased by $432M to $1.2B; operating cash flow down $239M YoY to $1.35B; no share repurchases in 2025 vs $494M prior year
  • Management warns inflation, cocoa price volatility, tariffs, and regulatory changes will pressure margins; ongoing pricing actions and AAA Initiative to mitigate impacts

Risk Factors

  • No material changes to risk factors disclosed in 2024 Form 10-K
  • Carried-forward operational risk: supply chain disruptions impacting product availability and costs
  • Competitive risk from evolving consumer preferences toward healthier snacks and alternative products
  • Regulatory risk related to compliance with evolving food safety and labeling standards
  • Financial risk from currency exposure due to global operations impacting reported earnings

Hershey Company (The) Q3 2025 Quarterly Financials
XBRL

Revenue

$3.2B

+6.5% YoY +21.7% QoQ

Net Income

$276M

-38.1% YoY +340.6% QoQ

Gross Margin

32.6%

-866bp YoY +215bp QoQ

Operating Margin

13.7%

-686bp YoY +629bp QoQ

Net Margin

8.7%

-625bp YoY +629bp QoQ

ROE

6.1%

Total Assets

$13.6B

Operating Cash Flow

$842M

+21.1% YoY +650.3% QoQ

Source: XBRL data from Hershey Company (The) Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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