Hershey
Makes Reese’s and Hershey’s confectionery alongside SkinnyPop, Dot’s and LesserEvil snacks.
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Profile
Sells chocolate, candy, mints, protein bars and salty snacks through retail and wholesale channels, led by Reese’s, Hershey’s, SkinnyPop and Dot’s Homestyle Pretzels. North America confectionery remains the core business, while the Milton Hershey School Trust retains voting control through Class B shares.
Builds a broad snacking portfolio around Reese’s, Hershey’s, Kisses, Kit Kat, Jolly Rancher and Twizzlers, spanning chocolate, non-chocolate candy, mints, protein bars and pantry products. SkinnyPop, LesserEvil, Pirate’s Booty and Dot’s Homestyle Pretzels extend the lineup into popcorn, puffs and pretzels.
Operates through North America Confectionery, North America Salty Snacks and International. Principal operations and markets remain in the United States, while manufacturing in Mexico, Brazil, India and Malaysia supports regional and export sales. A unified U.S. commercial model brings sweet, salty and protein brands to retailers through shared category insights, merchandising and sales execution.
Cocoa is the most significant raw material for chocolate, making procurement and price management central operating dependencies. Food-safety rules govern manufacturing and sales, while the Milton Hershey School Trust retains voting control through Class B shares.
Company facts
Categories
Key statistics
Year to date −1.8% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | RBC Capital | Reiterate | Sector Perform | $206 | |
| Aug 3, 2026 | Barclays | Reiterate | Equal Weight | $208 | $200 |
| Jul 31, 2026 | Bernstein | Reiterate | Market Perform | $250 | $201 |
| Jul 31, 2026 | D.A. Davidson | Target | $208 | $190 | |
| Jul 31, 2026 | Deutsche Bank | Reiterate | Hold | $188 | $191 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.43 | $1.90 | +32.9% | $2.63B | $2.79B | +5.8% | −3.63% |
| Apr 30, 2026Q1 FY26 | $2.04 | $2.35 | +15.2% | $3.03B | $3.10B | +2.5% | −1.83% |
| Feb 5, 2026Q4 FY25 | $1.40 | $1.71 | +22.1% | $2.98B | $3.09B | +3.7% | +3.19% |
| Oct 30, 2025Q3 FY25 | $1.07 | $1.30 | +21.5% | $3.12B | $3.18B | +2.0% | −0.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.61B | $3.18B | $3.09B | $3.10B | $2.79B | |
| Gross profit | $944.3M | $796.3M | $1.00B | $1.14B | $1.22B | $1.26B | |
| Operating income | $369.2M | $192.8M | $410.0M | $444.9M | $640.7M | $642.6M | |
| Net income | $224.2M | $62.7M | $276.3M | $320.0M | $435.1M | $457.7M | |
| Diluted EPS | $1.10 | $0.31 | $1.36 | $1.57 | $2.13 | $2.26 | |
| Gross margin | 33.7% | 30.5% | 31.6% | 37.0% | 39.4% | 45.3% | |
| Operating margin | 13.2% | 7.4% | 12.9% | 14.4% | 20.6% | 23.1% |
Fiscal years (4-quarter sums)FY21 $8.97B · FY22 $10.42B · FY23 $11.16B · FY24 $11.20B · FY25 $11.69B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $791.2M · Total debt $5.61B · Total assets $13.97B · Shareholders' equity $4.56B
Dividends
Raised for 39 straight years — most recently to $1.452 from $1.37 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 15 | $1.452 | |
| May 15, 2026 | May 15 | Jun 15 | $1.452 | |
| Feb 17, 2026 | Feb 17 | Mar 16 | $1.452 | raised from $1.37 |
| Nov 17, 2025 | Nov 17 | Dec 15 | $1.37 | |
| Aug 15, 2025 | Aug 15 | Sep 15 | $1.37 | |
| May 16, 2025 | May 16 | Jun 16 | $1.37 | |
| Feb 14, 2025 | Feb 17 | Mar 14 | $1.37 | |
| Nov 18, 2024 | Nov 18 | Dec 16 | $1.37 |
Ownership
Shares outstanding 202.81M · Float 199.01M · 98.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.13M | 6.47% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.68M | 4.77% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 7.27M | 3.59% | 13F | Aug 13, 2026 |
| State Street Corp | 7.23M | 3.56% | 13F | Aug 7, 2026 |
| Morgan Stanley | 5.65M | 2.78% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $186.95 |
| Aug 24, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $189.52 |
| Aug 26, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $185.99 |
| Aug 21, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $186.79 |
| Aug 20, 2026 | Hershey Trust Co Trustee in Trust for Milton Hershey School | 10 percent owner | −10,000 | $189.00 |
Peers
- Mondelez International
Cadbury and Oreo rival — chocolate, biscuits, mints; twice bid for Hershey.
- PepsiCo
Frito-Lay (~60% US salty snacks) — Smartfood vs SkinnyPop, Rold Gold vs Dot's.
- Conagra Brands
BOOMCHICKAPOP vs SkinnyPop/LesserEvil; Orville Redenbacher in adjacent popcorn.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hershey | $179.10 | +0.03% | $36.31B | 24.5 | 19.4 | 3.0 | +6.6% |
| Mondelez International | $62.76 | +0.66% | $79.59B | 23.0 | 19.3 | 2.0 | +4.1% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| Conagra Brands | $16.05 | −0.22% | $7.70B | — | 10.7 | 0.7 | +3.6% |
| Median | 20.7 | 16.2 | 2.0 | +4.1% |