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HSY · NYSE

The Hershey Company

Confectioners · United States

USD 160.45-0.3% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$32.24B
Trailing P/E
21.92x
Forward P/E
16.27x
Quarterly revenue growth
6.6%
Trailing net margin
12.2%
Indicated dividend yield
3.6%

Snapshot 2026-10-06 · Latest financial period 2026-06-28 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-05 (provider estimate, not issuer-confirmed).

Company background

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.

Company website

Q1 2026

Go beyond the headline.

HSY Stock: Q1 2026 Earnings Analysis

Published 2026-05-01

Comparable businesses

HSY peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricHSYThe Hershey CompanySnapshot 2026-10-06Financial period: 2026-06-28MDLZMondelez International, Inc.Snapshot 2026-10-06Financial period: 2026-06-30TRTootsie Roll Industries, Inc.Snapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$32.24BUS$75.08BUS$2.84B
Forward P/EProvider forward earnings estimate16.27x17.49x—
EV / EBITDAEnterprise value / trailing EBITDA13.77x15.63x21.28x
Revenue growthLatest quarter vs prior-year quarter6.6%4.1%-0.6%
Operating marginLatest reported quarter23.1%22.0%8.9%
Free cash flow yieldTrailing cash flow / market cap5.4%3.0%2.1%
Net debt / EBITDANet debt / trailing EBITDA1.89x3.35x-1.01x
Debt / equityTotal debt / positive book equity1.30x0.83x0.01x
Trailing P/ETrailing twelve-month earnings21.92x21.63x30.04x
Price / bookPrice / positive book equity per share7.07x2.83x2.98x
EV / salesEnterprise value / trailing revenue3.08x2.40x3.66x
Earnings growthLatest quarter vs prior-year quarter631.0%144.9%-23.9%
Gross marginTrailing twelve months38.4%31.1%34.5%
Net marginTrailing twelve months12.2%8.9%13.0%
Return on equityProvider trailing return; positive equity only32.8%13.3%10.3%
Free cash flow marginTrailing free cash flow / revenue14.3%5.7%8.1%
Dividend yieldIndicated annual dividend / price3.6%3.5%1.0%
Earnings payoutProvider trailing dividend payout77.1%73.5%28.5%
Current ratioCurrent assets / current liabilities1.18x0.60x2.89x
BetaProvider historical market sensitivity0.090.390.41

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for HSY

All available reporting periods
Q1 20262026-05-01

HSY Stock: Q1 2026 Earnings Analysis

Presentation · 2026-05-01 · YouTube

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.