Hershey (HSY) Q3 2025 Earnings
Reported Oct 30, 2025 at 6:49 AM ET · SEC Source
Q3 25 EPS
$1.30
BEAT +22.64%
Est. $1.06
Q3 25 Revenue
$3.18B
BEAT +2.13%
Est. $3.12B
vs S&P Since Q3 25
-6.4%
TRAILING MARKET
HSY +4.2% vs S&P +10.6%
Market Reaction
Did HSY Beat Earnings? Q3 2025 Results
Hershey posted a stronger-than-expected third quarter, with adjusted EPS of $1.30 beating the $1.06 consensus by 22.21%, even as that figure represented a steep 44.4% decline from a year ago, underscoring the tension at the heart of the company's cur… Read more Hershey posted a stronger-than-expected third quarter, with adjusted EPS of $1.30 beating the $1.06 consensus by 22.21%, even as that figure represented a steep 44.4% decline from a year ago, underscoring the tension at the heart of the company's current story. Revenue of $3.18 billion rose 6.5% year-over-year and edged past the $3.12 billion consensus by 2.13%, powered by roughly 6 points of net price realization across its portfolio. The gains, however, were significantly offset by commodity and tariff pressures that compressed reported gross margin by 870 basis points to 32.6%, with an estimated $160 million to $170 million in full-year tariff expense weighing heavily on profitability. A standout bright spot was the North America Salty Snacks segment, where SkinnyPop and Dot's Homestyle Pretzels drove 10% sales growth. Looking ahead, Hershey raised its full-year net sales growth outlook to approximately 3% and narrowed adjusted EPS guidance to $5.90 to $6.00, signaling cautious confidence despite a projected 36% to 37% annual earnings decline.
Key Takeaways
- • Net price realization of approximately 6 points drove organic constant currency net sales growth of 6.2%
- • North America Salty Snacks volume increased approximately 11 points driven by promotional programming, innovation, and media investments
- • Strong innovation and growth in core confectionery brands partially offset price elasticity impact
- • International segment benefited from double-digit growth in Brazil and favorable shipment timing in Europe and Mexico
- • Advancing Agility & Automation Initiative expected to deliver approximately $150 million in savings
HSY YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
HSY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Third quarter results surpassed expectations, as strong innovation, strategic brand investments, and market leading execution drove momentum across business segments. Based on our results year-to-date, we are raising our full year outlook for net sales and earnings per share.”
— Kirk Tanner, Q3 2025 Earnings Press Release
HSY Earnings Trends
HSY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HSY EPS Trend
Earnings per share: estimate vs actual
HSY Revenue Trend
Quarterly revenue: estimate vs actual
HSY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.97 | $2.35 | +19.29% | $3.10B | +2.57% |
| Q4 25 BEAT FY | $1.40 | $1.71 | +22.14% | $3.09B | +3.83% |
| FY Full Year | — | $6.31 | — | $11.69B | — |
| Q3 25 BEAT | $1.06 | $1.30 | +22.64% | $3.18B | +2.13% |
| Q2 25 BEAT | $1.00 | $1.21 | +21.00% | $2.61B | +3.61% |