Superworth

Hershey HSY

Food Confectioners, Consumer Defensive
$169.64
−3.42%
Market cap
$34.1B
PE
23.2×
10y median 26.0×
Forward PE
18.4×
10y median 23.7×
Price to sales
2.8×
EV/EBIT
17.7×
Revenue, 12 months
$12.2B
+8% on a year ago
Net margin
12.2%
Free cash flow yield
6.5%

Hershey trades at 23.2× trailing earnings, cheaper than 71% of the last ten years. Revenue was $12.2B over the last twelve months, up 8% on a year earlier with a 12% net margin.

Charts

Financials

Income statement for HSY, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$3B+11%$2.7B+0%$3.3B+9%$2.1B−17%$3B−1%$2.9B+9%$2.8B−14%$2.6B+26%$3.2B+7%$3.1B+7%$3.1B+11%$2.8B+7%
Cost of revenue$1.7B+3%$1.5B+2%$1.6B−2%$1.2B−9%$1.8B+5%$1.3B−13%$1.9B+18%$1.8B+47%$2.1B+22%$1.9B+46%$1.9B+1%$1.5B−16%
Gross profit$1.4B+23%$1.1B−2%$1.7B+21%$833.7M−26%$1.2B−9%$1.6B+39%$944.3M−44%$796.3M−5%$1B−16%$1.1B−27%$1.2B+30%$1.3B+59%
SG&A$624.3M+13%$658.8M+7%$618M+6%$541M−5%$591.9M−5%$622.7M−6%$558.7M−10%$603.2M+12%$600.5M+2%$698.1M+12%$576M+3%$620.6M+3%
$735.9M+32%$464.3M−12%$1.1B+32%$287.8M−49%$613.2M−17%$939.1M+102%$369.2M−65%$192.8M−33%$434.6M−29%$444.9M−53%$640.7M+74%$642.6M+233%
Interest expense$41.8M+16%$40.1M+9%$41.6M+6%$44.3M+10%$46.6M+11%$41.8M+4%$50.6M+22%$57.3M+29%$59.2M+27%$57.7M+38%$54.8M+8%$55.8M−3%
Pre-tax income$653.4M+38%$319.7M−12%$986.3M+30%$245.9M−44%$518.7M−21%$723.1M+126%$323.7M−67%$149.1M−39%$371.9M−28%$369.5M−49%$592.7M+83%$588.3M+295%
$134.8M+83%−$29.4M−12%$188.8M+10%$65M+100%$72.4M−46%−$73.5M+150%$99.5M−47%$86.4M+33%$95.6M+32%$49.5M$157.6M+59%$130.6M+51%
Net income$518.6M+30%$349M−12%$797.5M+36%$180.9M−56%$446.3M−14%$796.6M+128%$224.2M−72%$62.7M−65%$276.3M−38%$320M−60%$435.1M+94%$457.7M+630%
$2.52+30%$1.70−12%$3.89+37%$0.89−55%$2.20−13%$3.92+131%$1.10−72%$0.31−65%$1.36−38%$1.57−60%$2.13+94%$2.26+629%
205.5M−0%n/a204.9M−1%203M−1%203M−1%n/a203.1M−1%203.2M+0%203.5M+0%n/a203.9M+0%202.7M−0%

Gross profit: 31 periods, Q3 FY08 to Q3 FY16: not printed by the filing, worked out from its own lines.

Operating income: 24 periods, Q3 FY08 to Q4 FY14: not printed by the filing, worked out from its own lines.

EPS, diluted: 7 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. Q3 FY15: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY10: not printed by the filing, worked out from its own lines. 3 periods, Q4 FY11 to Q4 FY13: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$3.3B$3.2B to $3.3B$2.12$2.04 to $2.2212
Q4 FY26$3.2B$3.1B to $3.2B$2.13$2.09 to $2.1511
Q1 FY27$3.2B$3.1B to $3.2B$2.82$2.79 to $2.854
Q2 FY27$2.8B$2.8B to $2.9B$2.14$2.12 to $2.174
Q3 FY27$3.3B$3.3B to $3.4B$2.55$2.52 to $2.585
Q4 FY27$3.2B$3.2B to $3.3B$2.42$2.39 to $2.458
Q1 FY28$3.3B$3.2B to $3.3B$2.78$2.75 to $2.815
Q2 FY28$2.9B$2.9B to $2.9B$2.19$2.17 to $2.225

Peers

Companies in Consumer Defensive nearest Hershey's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
HSYHershey$34.1B23.2×26.0×18.4×2.8×+8%12.2%
KMBKimberly-Clark$36.6B18.7×21.4×15.8×2.2×+1%11.8%
KVUEKenvue$37.6B22.5×24.1×16.2×2.4×+2%10.8%
ADMArcher-Daniels-Midland$38.6B22.0×15.4×13.5×0.5×−1%2.2%
SYYSysco$39B22.2×24.3×16.0×0.5×+4%2.1%
ELEstée Lauder Companies$39.3B222×44.6×32.8×2.6×+5%1.2%
KRKroger$39.4B36.1×15.7×12.5×0.3×+2%0.7%
KHCKraft Heinz$29.4Bn/m20.0×12.5×1.2×−2%−13.6%
DGDollar General$29.3B17.3×19.3×16.5×0.7×+5%3.9%
CHDChurch & Dwight$25B33.8×29.4×26.9×4.0×+3%12.0%
KDPKeurig Dr Pepper$47.2B35.0×25.9×14.2×2.3×+27%7.1%
Peer median$38.1B22.5×22.8×15.9×1.7×+2%3.0%

Investors who own it

Investors we follow who held Hershey at the end of Jun 30, 2026, from their 13F filings.

More on Hershey

Each number over time

Where it ranks

Its groups

About

Industry
Food Confectioners
Sector
Consumer Defensive

Valuation data, not investment advice. Prices as of .