Hershey (HSY) Q3 FY2026 earnings

Hershey Co. (HSY) announced its results for Q3 FY2026, the quarter ended 28 September 2026, on 29 October 2026. Diluted earnings per share were $2.88. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

RevenueNot yetwith the 10-Q

Net incomeNot yetwith the 10-Q

Diluted EPS$2.88$1.36 a year earlier

QuarterQ3 FY2026ended 28 September 2026

What management said

Guidance figures: 6 raised, 4 lowered, 3 kept.

Net sales rose 3.0%: Third-quarter net sales were $3,275.5 million, up 3.0%. Organic constant currency sales rose 0.8%, with LesserEvil adding 2.1 points and foreign exchange 0.1 points.
Reported diluted EPS rose 111.8%: Reported net income was $580.8 million, or $2.88 per diluted share, up 111.8%. Adjusted diluted EPS was $2.64, up 103.1%.
Confectionery segment income up 66.2%: North America Confectionery net sales rose 1.6% to $2,656.5 million on about 13 points of net price. Segment income was $949.7 million, a 35.8% margin, up 1,400 basis points.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	n/a	2,787	3,181	n/a
Net income	n/a	458	276	n/a
Diluted EPS	$2.88	$2.26	$1.36	+111.8%

$ million except per share.

Q3 FY2026 is from the company's press release of 29 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right; revenue, net income will come with the 10-Q.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	2,360	2,326	2,666	2,373	2,728	2,652	2,988	2,490	3,030	2,657	3,253	2,074	2,987	2,888	2,805	2,615	3,181	3,091	3,104	2,787
Cost of revenue	1,299	1,313	1,421	1,373	1,620	1,508	1,605	1,358	1,670	1,534	1,577	1,241	1,755	1,329	1,861	1,818	2,144	1,946	1,881	1,524
Gross profit	1,061	1,013	1,245	1,000	1,108	1,145	1,382	1,132	1,360	1,123	1,676	834	1,233	1,558	944	796	1,037	1,145	1,223	1,263
Gross margin	45%	44%	47%	42%	41%	43%	46%	45%	45%	42%	52%	40%	41%	54%	34%	30%	33%	37%	39%	45%
SG&A	486	553	524	543	552	616	582	572	624	659	618	541	592	623	559	603	601	698	576	621
Operating income	575	459	721	457	557	527	800	561	736	464	1,058	288	613	939	369	193	435	445	641	643
Operating margin	24%	20%	27%	19%	20%	20%	27%	23%	24%	17%	33%	14%	21%	33%	13%	7%	14%	14%	21%	23%
Interest expense	30.7	30.4	33.5	33.8	36.0	36.7	39.4	40.2	41.8	40.1	41.6	44.3	46.6	41.8	50.6	57.3	59.2	57.7	54.8	55.8
Pre-tax income	522	343	677	403	473	363	759	440	653	320	986	246	519	723	324	149	372	370	593	588
Tax rate	15%	1%	21%	22%	16%	-9%	23%	7%	21%	-9%	19%	26%	14%	-10%	31%	58%	26%	13%	27%	22%
Net income	445	336	533	316	399	396	587	407	519	349	797	181	446	797	224	62.7	276	320	435	458
Net margin	19%	14%	20%	13%	15%	15%	20%	16%	17%	13%	25%	9%	15%	28%	8%	2%	9%	10%	14%	16%
Diluted EPS	$2.14	$1.62	$2.57	$1.53	$1.94	$1.92	$2.85	$1.98	$2.52	$1.70	$3.89	$0.89	$2.20	$3.92	$1.10	$0.31	$1.36	$1.57	$2.13	$2.26
Operating cash flow	386	679	656	457	446	768	755	294	516	758	569	326	695	942	397	112	842	927	469	419
Capital expenditure	120	148	141	99.9	119	159	176	154	218	223	213	130	128	135	146	85.1	85.9	138	115	89.8
Free cash flow	266	531	515	357	327	608	579	140	298	535	356	195	567	807	251	27.1	756	788	354	329
Buybacks	23.6	0.0	203	152	0.0	33.7	240	0.0	0.0	25.0	494	0.0	0.0	0.0	0.0	0.0	0.0	0.0	69.3	370
Dividends paid	181	181	181	180	207	207	207	206	238	238	273	271	270	270	272	271	271	271	288	286
Shares outstanding	n/a	206m	n/a	n/a	n/a	205m	n/a	n/a	n/a	204m	n/a	n/a	n/a	202m	n/a	n/a	n/a	203m	n/a	n/a
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 28 September 2026, filed with the SEC on 29 October 2026 with a Form 8-K: the release.