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    Hershey Co (HSY)

    Official site

    CONSUMER DEFENSIVE • CONFECTIONERS • NYSE

    $168.68
    +4.43 (+2.70%)

    Market Cap: $33.00B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    87%(34/39)
    Avg Surprise
    +7.68%
    Streak
    7 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.12
    Range$2.04 - $2.23
    18 analysts
    EPS RevisionsNo revisions (7d)
    0
    16
    30d
    EPS Estimate DriftChange to current
    90d ago$2.29-7.4%
    60d ago$2.12-0.1%
    30d ago$2.12-0.1%
    7d ago$2.12-0.1%
    Current$2.12
    Revenue Consensus
    $3.3B
    Range$3.2B - $3.3B
    15 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.90
    Range$2.76 - $3.06
    22 analysts
    Revenue Consensus
    $3.4B
    Range$3.3B - $3.5B
    21 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$2.90---
    Sep 26EST
    -$2.12---
    Jun 26
    Reported Jul 30
    $1.90$1.45+31.03%Beat+57.0%
    Mar 26
    Reported Apr 30
    $2.35$2.05+14.63%Beat+12.4%
    Dec 25
    Reported Feb 5
    $1.71$1.40+22.14%Beat-36.4%
    Sep 25
    Reported Oct 30
    $1.30$1.06+22.64%Beat-44.4%
    Jun 25
    Reported Jul 30
    $1.21$1.00+21.00%Beat-4.7%
    Mar 25
    Reported May 1
    $2.09$1.93+8.29%Beat-31.9%
    Dec 24
    Reported Feb 6
    $2.69$2.38+13.03%Beat+33.2%
    Sep 24
    Reported Nov 7
    $2.34$2.55-8.24%Miss-10.0%
    Jun 24
    Reported Aug 1
    $1.27$1.45-12.41%Miss-36.8%
    Mar 24
    Reported May 3
    $3.07$2.76+11.23%Beat+3.7%
    Dec 23
    Reported Feb 8
    $2.02$1.96+3.06%Beat+0.0%
    Sep 23
    Reported Oct 26
    $2.60$2.45+6.12%Beat+19.8%
    Jun 23
    Reported Jul 27
    $2.01$1.91+5.24%Beat+11.7%
    Mar 23
    Reported Apr 27
    $2.96$2.67+10.86%Beat+17.0%
    Dec 22
    Reported Feb 2
    $2.02$1.77+14.12%Beat+19.5%
    Sep 22
    Reported Nov 4
    $2.17$2.10+3.33%Beat+3.3%
    Jun 22
    Reported Jul 28
    $1.80$1.68+7.14%Beat+22.4%
    Mar 22
    Reported Apr 28
    $2.53$2.10+20.48%Beat+31.8%
    Dec 21
    Reported Feb 3
    $1.69$1.61+4.97%Beat+13.4%
    Sep 21
    Reported Oct 28
    $2.10$2.00+5.00%Beat+12.9%
    Jun 21
    Reported Jul 29
    $1.47$1.42+3.52%Beat+12.2%
    Mar 21
    Reported Apr 29
    $1.92$1.80+6.67%Beat+17.8%
    Dec 20
    Reported Feb 4
    $1.49$1.43+4.20%Beat+16.4%
    Sep 20
    Reported Nov 6
    $1.86$1.72+8.14%Beat+15.5%
    Jun 20
    Reported Jul 23
    $1.31$1.13+15.93%Beat+0.0%
    Mar 20
    Reported Apr 23
    $1.63$1.71-4.68%Miss+2.5%
    Dec 19
    Reported Jan 30
    $1.28$1.24+3.23%Beat+1.6%
    Sep 19
    Reported Oct 24
    $1.61$1.60+0.63%Beat+3.9%
    Jun 19
    Reported Jul 25
    $1.31$1.17+11.97%Beat+14.9%
    Mar 19
    Reported Apr 25
    $1.59$1.46+8.90%Beat+12.8%
    Dec 18
    Reported Jan 31
    $1.26$1.27-0.79%Miss+22.3%
    Sep 18
    Reported Oct 25
    $1.55$1.55+0.00%Beat+16.5%
    Jun 18
    Reported Jul 26
    $1.14$1.10+3.64%Beat+4.6%
    Mar 18
    Reported Apr 26
    $1.41$1.40+0.71%Beat+7.6%
    Dec 17
    Reported Feb 1
    $1.03$1.07-3.74%Miss-12.0%
    Sep 17
    Reported Oct 26
    $1.33$1.29+3.10%Beat-
    Jun 17
    Reported Jul 26
    $1.09$0.90+21.11%Beat-
    Mar 17
    Reported Apr 26
    $1.31$1.25+4.80%Beat-
    Dec 16
    Reported Feb 3
    $1.17$1.08+8.33%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.44%
    Forward Annual Dividend$5.81
    Payout Ratio77.26%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+12.26%
    5Y CAGR+11.68%

    Key Metrics

    Valuation
    P/E Ratio23.23EV/EBITDA14.60x
    Price/FCF15.21xFCF Yield6.57%
    Profitability
    Profit Margin12.20%Operating Margin23.10%
    ROE32.80%ROIC16.16%
    Financial Health
    Debt/Equity1.23xInterest Coverage7.38x
    Current Ratio1.18xQuick Ratio0.66x
    Trading Statistics
    Beta0.09Avg Volume1.48M
    52-Week High$235.8052-Week Low$156.16

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$162.74
    SMA 20$163.90
    SMA 50$173.18
    SMA 200$188.25
    EMA 10$164.02
    EMA 20$165.12
    EMA 50$170.06
    EMA 200$180.28

    MACD

    Line: -2.20Signal: -3.32Hist: 1.12

    ADX

    ADX: 32.5+DI: 22.2-DI: 20.2

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down60.0
    PSAR$158.88

    Bollinger Bands

    Upper Band$171.09
    Lower Band$156.71
    %B Position878%(Upper)
    Band Width0.83

    RSI (14-Day)

    Neutral
    55.5

    Momentum Oscillators

    Stoch %K70.5
    Stoch %D59.7
    Williams %R-7.7
    ROC (10d)5.9%
    Momentum9.38
    CCI (20d)95.9
    MFI (14d)57.1

    Volatility Measures

    ATR (14d)$3.44(2.0%)
    StdDev (20d)3.60
    Hist Vol18.4%(Low)

    Volume Flow

    VWAP$168.44
    OBV2.1M
    AD Line-579.1M
    CMF (20d)-0.024

    Volume Metrics

    Avg Vol (20d)1.5M
    Vol Ratio1.0x
    VWMA (20d)$164.13

    Pivot Points

    R3$169.48
    R2$167.48
    R1$165.87
    Pivot Point$163.87
    S1$162.26
    S2$160.26
    S3$158.65

    Advanced Oscillators

    TSI-21.17
    Ultimate Osc56.8
    KST-71.62

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$2.79B$3.10B$3.09B$3.18B$2.61B$2.81B$2.89B$2.99B$2.07B$3.25B$2.66B$3.03B
    Cost of Revenue$1.52B$1.88B$1.95B$2.14B$1.82B$1.86B$1.33B$1.75B$1.24B$1.58B$1.53B$1.67B
    Gross Profit$1.26B$1.22B$1.14B$1.04B$796.27M$944.27M$1.56B$1.23B$833.75M$1.68B$1.12B$1.36B
    Operating Expenses$620.67M$582.04M$699.90M$602.75M$603.46M$575.05M$619.20M$619.55M$545.92M$617.98M$658.81M$624.30M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$620.55M$576.04M$698.15M$600.54M$603.21M$558.67M$622.73M$591.92M$540.99M$617.98M$658.81M$624.30M
    Operating Income$642.64M$640.69M$444.91M$434.58M$192.81M$369.22M$939.15M$613.16M$287.82M$1.06B$464.33M$735.95M
    Interest Income$0$-49,818,000$0$0$0$0$0$0$-41,373,000$-39,822,000$0$0
    Interest Expense$49.96M$48.00M$75.38M$51.47M$46.03M$44.62M$216.09M$44.32M$41.95M$71.84M$144.65M$39.76M
    Income Before Tax$588.28M$592.70M$369.53M$371.91M$149.11M$323.65M$723.06M$518.75M$245.87M$986.26M$319.68M$653.41M
    Income Tax Expense$130.62M$157.59M$49.52M$95.59M$86.39M$99.45M$-73,534,000$72.45M$64.98M$188.81M$-29,367,000$134.84M
    Net Income$457.67M$435.11M$320.02M$276.32M$62.72M$224.20M$796.59M$446.30M$180.89M$797.45M$349.04M$518.58M
    EBITDA$774.34M$775.51M$550.13M$551.17M$318.98M$487.84M$887.02M$676.32M$397.67M$1.13B$474.08M$796.48M
    EBIT$638.24M$642.51M$417.61M$423.38M$195.15M$368.28M$763.20M$563.06M$287.25M$1.03B$357.36M$693.17M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    Hershey for Income Investors | Buying the Dividend Growth While Earnings Are Still Recovering

    Q2 sales $2.79B (+6.6%), adj EPS $1.90 vs $1.43, guidance raised to $8.36-8.52; shares $176, ~26% below 52-week high - evaluate how much recovery is priced North America confectionery sales $2.17B (+4.2%), price +14 pts, volume -10 pts; segment income +40.1% to $705.8M, margin 32.5%...

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    Government Contracts

    Gov Obligations (TTM)
    $851000
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    3
    New Awards (TTM)
    3
    Avg Remaining Term
    N/A

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    SPE3S126F0661Department of DefenseDefense Logistics Agency$444000Mar 18, 2026
    SPE3S126F1227Department of DefenseDefense Logistics Agency$370000Jul 1, 2026
    SPE3S126F0194Department of DefenseDefense Logistics Agency$37000Dec 17, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Sep 30, 2026.

    News

    HSY Valuation and Fair Value

    P/E
    23.2x
    Forward P/E
    17.8x
    EV/EBITDA
    14.6x
    P/FCF
    15.2x
    PEG
    0.8x
    P/B
    7.4x
    See GNG's fair value

    HSY Profitability: Margins, ROIC and FCF

    Gross margin
    38.4%
    Operating margin
    23.1%
    Net margin
    12.2%
    ROIC
    16.2%
    ROE
    32.8%
    FCF margin
    18.3%
    FCF yield
    6.6%

    HSY Analyst Ratings

    Consensus
    Hold
    Analysts
    23
    Strong Buy
    2
    Buy
    6
    Hold
    14
    Sell
    1
    Strong Sell
    0

    HSY Bull Case vs Bear Case

    Bull case

    • HSY earns a 16.2% return on invested capital.
    • HSY converts 18.3% of revenue into free cash flow.
    • HSY beat EPS estimates in 87.5% of its last 8 reported quarters.

    HSY Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    15.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.12
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 16 down

    HSY Dividend

    Forward yield
    3.4%
    Payout ratio
    77.3%
    3Y DPS growth
    12.3%
    5Y DPS growth
    11.7%
    Pay months
    Mar, Jun, Sep, Dec
    HSY dividend history

    Frequently Asked Questions About HSY

    What is HSY's current dividend yield?

    Hershey Co (HSY) has a forward dividend yield of 3.44%.

    Does HSY pay dividends?

    Yes, Hershey Co pays dividends with a forward dividend yield of 3.44%.

    What is HSY's P/E ratio?

    Hershey Co has a price-to-earnings (P/E) ratio of 23.23.

    What is HSY's market cap?

    Hershey Co (HSY) has a market capitalization of $33.00B with a current stock price of $168.68.

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