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Sep 28
Hershey Q3 2025 Earnings Report
Hershey reported solid Q3 results, with strong revenue growth driven by innovation and brand investments, despite lower profitability.
Key Takeaways
Hershey delivered better-than-expected Q3 2025 revenue growth, supported by pricing strategies and strong segment performance, though profitability declined due to higher input costs and tariffs.
Revenue grew 6.5% year-over-year, reaching $3.18 billion.
Net income declined to $276.3 million, impacted by rising commodity and tariff costs.
Adjusted EPS fell to $1.30 from $2.34 in the prior year.
International segment posted double-digit sales growth driven by pricing and volume.
Hershey
Hershey
Hershey Revenue by Segment
Hershey Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational & Other Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Hershey raised its full-year 2025 guidance for both net sales and adjusted EPS, reflecting confidence in ongoing momentum.
Positive Outlook
- Full-year net sales growth outlook raised to ~3%.
- Adjusted EPS expected to be in the upper half of prior range.
- Strong innovation and brand execution continue to drive momentum.
- Sour Strips acquisition expected to contribute 40 basis points to sales growth.
- Transformation program projected to deliver $150M in savings.
Challenges Ahead
- Reported EPS expected to decline by 48% to 50% YoY.
- Tariff expenses projected at $160M–$170M.
- Effective tax rate rising to 30% reported / 26% adjusted.
- Continued pressure from commodity and input cost inflation.
- International segment posted a loss of $13.6M in the quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income