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Tables in the 10-Q of HERSHEY CO

61 tables with numbers, filed Jul 30, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

PART I. FINANCIAL INFORMATION	2
Item 1. Financial Statements	2
Consolidated Statements of Income for the Three and Six Months Ended June 28, 2026 and June 29, 2025	2
Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 28, 2026 and June 29, 2025	3
Consolidated Balance Sheets as of June 28, 2026 and December 31, 2025	4
Consolidated Statements of Cash Flows for the Six Months Ended June 28, 2026 and June 29, 2025	5
Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended June 28, 2026 and June 29, 2025	6
Notes to Unaudited Consolidated Financial Statements	8

	Three Months Ended	Six Months Ended
	June 28, 2026	June 29, 2025		June 28, 2026	June 29, 2025
Net sales	$2,787,306		$2,614,718		$5,891,473	$5,420,137
Cost of sales	1,523,998		1,818,445		3,405,434	3,679,597
Gross profit	1,263,308		796,273		2,486,039	1,740,540
Selling, marketing and administrative expense	620,552		603,207		1,196,592	1,161,879
Business realignment costs	115		255		6,113	16,629
Operating profit	642,641		192,811		1,283,334	562,032

	June 28, 2026	December 31, 2025
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$791,213		$925,859
Accounts receivable—trade, net	907,368		729,547
Inventories	1,743,318		1,429,254
Prepaid expenses and other	514,342		504,239

	Preferred Stock	Common Stock		Class B Common Stock	Additional Paid-in Capital	Retained Earnings		Treasury Common Stock	Accumulated Other Comprehensive (Loss) Income	Total Stockholders’ Equity
Balance, March 29, 2026	$—		$166,939		$54,614		$1,435,194		$5,643,428		$(2,316,416)	$(249,911)	$4,733,848
Net income						457,665					457,665
Other comprehensive income									19,362		19,362
Dividends (including dividend equivalents):
Common Stock, $1.452 per share						(214,839)					(214,839)
Class B Common Stock, $1.320 per share						(72,090)					(72,090)
Stock-based compensation					19,618						19,618

	Initial Allocation (1)	Adjustments		Final Allocation
Goodwill	$289,142		$(7,213)		$281,929
Other intangible assets	604,500		—		604,500
Current assets acquired, including cash and cash equivalents	65,060		—		65,060
Property, plant and equipment, net	15,572		2,213		17,785
Other non-current assets, primarily operating lease ROU assets	28,214		—		28,214
Current liabilities assumed	(21,141)		—		(21,141)
Other long-term liabilities, primarily operating lease liabilities	(22,054)		—		(22,054)

	Estimated Useful Life	Initial Allocation
Trademarks	Indefinite	$303,000
Customer relationships	20 years	301,500
Other intangible assets		$604,500

	North America Confectionery	North America Salty Snacks		International	Total
Balance at December 31, 2025	$2,039,098		$946,143		$10,764	$2,996,005
Measurement period adjustments	—		(7,213)		—	(7,213)
Foreign currency translation	(3,510)		—		327	(3,183)
Balance at June 28, 2026	$2,035,588		$938,930		$11,091	$2,985,609

	June 28, 2026	December 31, 2025
	Gross Carrying Amount	Accumulated Amortization		Gross Carrying Amount	Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$1,802,371		$(361,311)		$1,803,973	$(335,974)
Customer-related	854,499		(208,775)		855,556	(185,995)
Patents	7,680		(7,680)		7,944	(7,944)
Total	2,664,550		(577,766)		2,667,473	(529,913)
Intangible assets not subject to amortization:

	June 28, 2026	December 31, 2025
Short-term foreign bank borrowings against lines of credit	$157,274	$218,546
U.S. commercial paper	264,271	—
Total short-term debt	$421,545	$218,546
Weighted average interest rate on outstanding commercial paper	3.7%		—%

Debt Type and Rate	Maturity Date	June 28, 2026	December 31, 2025
2.300% Notes	August 15, 2026	500,000		500,000
7.200% Debentures	August 15, 2027	193,639		193,639
4.550% Notes	February 24, 2028	500,000		500,000
4.250% Notes	May 4, 2028	350,000		350,000
2.450% Notes	November 15, 2029	300,000		300,000
4.750% Notes	February 24, 2030	500,000		500,000
1.700% Notes	June 1, 2030	350,000		350,000

	Three Months Ended	Six Months Ended
	June 28, 2026	June 29, 2025		June 28, 2026	June 29, 2025
Interest expense	$57,813		$60,445		$114,689	$115,361
Capitalized interest	(2,059)		(3,166)		(4,185)	(7,475)
Interest expense	55,754		57,279		110,504	107,886
Interest income	(5,791)		(11,244)		(10,723)	(17,229)
Interest expense, net	$49,963		$46,035		$99,781	$90,657

	June 28, 2026	December 31, 2025
	Assets (1)	Liabilities (1)		Assets (1)	Liabilities (1)
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts	$2,815		$2,805		$691	$3,095
Derivatives not designated as hedging instruments:
Commodities futures and options (2)	3,932		12,720		465	20,829
Deferred compensation derivatives	5,985		—		775	—
Foreign exchange contracts	41		638		1,752	—

	Non-designated Hedges	Cash Flow Hedges
	Gains (losses) recognized in income (a)	Gains (losses) recognized in other comprehensive income (“OCI”)		Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b)
	2026	2025		2026	2025	2026		2025
Commodities futures and options	$85,867		$(31,545)		$—		$—		$—		$—
Foreign exchange contracts	223		4,432		(2,167)		(6,305)		(4,358)		(246)
Interest rate swap agreements	—		—		—		—		(1,984)		(2,274)
Deferred compensation derivatives	5,985		2,876		—		—			—
Total	$92,075		$(24,237)		$(2,167)		$(6,305)		$(6,342)		$(2,520)

	Non-designated Hedges	Cash Flow Hedges
	Gains (losses) recognized in income (a)	Gains (losses) recognized in other comprehensive income (“OCI”)		Gains (losses) reclassified from accumulated OCI (“AOCI”) into income (b)
	2026	2025		2026	2025	2026		2025
Commodities futures and options	$56,958		$(85,402)		$—		$—		$—		$—
Foreign exchange contracts	(1,471)		8,382		(4,354)		(6,430)		(6,768)		1,109
Interest rate swap agreements	—		—		—		—		(4,006)		(4,575)
Deferred compensation derivatives	2,715		4,763		—		—			—
Total	$58,202		$(72,257)		$(4,354)		$(6,430)		$(10,774)		$(3,466)

	Assets / Liabilities
	Level 1	Level 2	Level 3	Total
June 28, 2026:
Derivative Instruments:
Assets:
Foreign exchange contracts (1)	$—	$2,856	$—	$2,856
Deferred compensation derivatives (2)	$—	$5,985	$—	$5,985
Commodities futures and options (3)	$3,932	$—	$—	$3,932

	Fair Value	Carrying Value
	June 28, 2026	December 31, 2025		June 28, 2026	December 31, 2025
Current portion of long-term debt	$503,019	$498,788		$504,167	$503,327
Long-term debt	4,327,591		4,373,815		4,684,968	4,681,194
Total	$4,830,610		$4,872,603		$5,189,135	$5,184,521

		Three Months Ended
Lease expense	Classification	June 28, 2026	June 29, 2025
Operating lease cost	Cost of sales or SM&A (1)	$16,264		$15,815
Finance lease cost:
Amortization of ROU assets	Depreciation and amortization (1)	2,236		2,102
Interest on lease liabilities	Interest expense, net	1,171		1,115
Net lease cost (2)		$19,671		$19,032

	June 28, 2026	December 31, 2025
Weighted-average remaining lease term (years)
Operating leases	10.2	10.2
Finance leases	24.2	25.2
Weighted-average discount rate
Operating leases	4.6%		4.6%
Finance leases	6.2%		6.3%

Leases	Classification	June 28, 2026	December 31, 2025
Assets
Operating lease ROU assets	Other non-current assets	$301,914		$325,345
Finance lease ROU assets, at cost	Property, plant and equipment, gross	83,874		83,714
Accumulated amortization	Accumulated depreciation	(26,634)		(26,073)
Finance lease ROU assets, net	Property, plant and equipment, net	57,240		57,641
Total leased assets		$359,154		$382,986
Liabilities

	Total
Liability balance at December 31, 2025 (1)	$8,590
2026 business realignment charges (2)	6,113
Cash payments	(2,429)
Liability balance at June 28, 2026 (1)	$12,274

	Pension Benefits	Other Benefits
	Three Months Ended	Three Months Ended
	June 28, 2026	June 29, 2025		June 28, 2026	June 29, 2025
Service cost	$2,965	$3,537		$30	$29
Interest cost	7,997		9,249		1,257	1,232
Expected return on plan assets	(12,369)		(12,046)		—	—
Amortization of prior service credit	(755)		(890)		(97)	(96)
Amortization of net loss	1,854		3,554		991	314

Stock Options	Shares	Weighted-Average Exercise Price (per share)	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at beginning of year	368,560		$110.30	2.2 years
Granted	545		$208.99
Exercised	(166,810)		$101.38
Forfeited	(381)		$220.19
Expired	(1,858)		$125.05
Outstanding as of June 28, 2026	200,056		$117.60	2.1 years	$12,720
Options exercisable as of June 28, 2026	195,379		$116.09	2.0 years	$12,678

Performance Stock Units and Restricted Stock Units	Number of units	Weighted-average grant date fair value for equity awards (per unit)
Outstanding at beginning of year	1,038,893		$192.65
Granted	315,945		$234.37
Performance assumption change (1)	(12,220)		$153.53
Vested	(233,336)		$224.10
Forfeited	(84,535)		$184.42
Outstanding as of June 28, 2026	1,024,747		$203.18

For the three months ended June 28, 2026	North America Confectionery	North America Salty Snacks		International	Total
Net sales	$2,173,570		$387,845		$225,891	$2,787,306
Cost of sales	1,184,812		259,356		182,736
SM&A expense	282,973		65,911		48,300
Total segment income (loss)	$705,785		$62,578		$(5,145)	$763,218
Unallocated corporate expense (1)					215,122
Unallocated mark-to-market gains on commodity derivatives		(102,907)
Costs associated with business realignment activities (see Note 9)		8,362

Tables in the 10-Q of HERSHEY CO

Table 1 after “TABLE OF CONTENTS”

Table 2 after “(unaudited)”

Table 3 after “(unaudited)”

Table 4 after “(in thousands, except share data)”

Table 5 after “(unaudited)”

Table 6 after “(unaudited)”

Table 7 after “(unaudited)”

Table 8 after “(unaudited)”

Table 9 after “(unaudited)”

Table 10 after “The purchase consideration, inclusive of the acquisition date fair value of the contingent consideration, was allocated to assets acquired a”

Table 11 after “Other intangible assets include the following estimated useful lives and values:”

Table 12 after “The changes in the carrying value of goodwill by reportable segment for the six months ended June 28, 2026 are as follows:”

Table 13 after “The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:”

Table 14 after “Short-term debt consisted of the following:”

Table 15 after “Long-term debt consisted of the following:”

Table 16 after “Net interest expense consists of the following:”

Table 17 after “The following table presents the classification of derivative assets and liabilities within the Consolidated Balance Sheets as of June 28, 2”

Table 18 after “The effect of derivative instruments on the Consolidated Statements of Income for the three months ended June 28, 2026 and June 29, 2025 was”

Table 19 after “The effect of derivative instruments on the Consolidated Statements of Income for the six months ended June 28, 2026 and June 29, 2025 was a”

Table 20 after “The following table presents assets and liabilities that were measured at fair value in the Consolidated Balance Sheets on a recurring basis”

Table 21 after “The fair values and carrying values of long-term debt, including the current portion, were as follows:”

Table 22 after “The components of lease expense for the three months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 23 after “The components of lease expense for the six months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 24 after “Information regarding our lease terms and discount rates were as follows:”

Table 25 after “Supplemental balance sheet information related to leases were as follows:”

Table 26 after “The maturities of our lease liabilities as of June 28, 2026 were as follows:”

Table 27 after “Supplemental cash flow and other information related to leases were as follows:”

Table 28 after “Costs associated with business realignment activities are classified in our Consolidated Statements of Income as follows:”

Table 29 after “Costs recorded by program during the three and six months ended June 28, 2026 and June 29, 2025 related to these activities were as follows:”

Table 30 after “The following table presents the liability activity for costs qualifying as exit and disposal costs for the six months ended June 28, 2026:”

Table 31 after “The components of net periodic benefit cost for the three months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 32 after “The components of net periodic benefit cost for the six months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 33 after “For the periods presented, compensation expense for all types of stock-based compensation programs and the related income tax benefit recogn”

Table 34 after “A summary of activity relating to grants of stock options for the period ended June 28, 2026 is as follows:”

Table 35 after “The fair value was estimated on the date of grant using a Black-Scholes option-pricing model and the following weighted-average assumptions:”

Table 36 after “A summary of activity relating to grants of PSUs and RSUs for the period ended June 28, 2026 is as follows:”

Table 37 after “The following table sets forth information about the fair value of the PSUs and RSUs granted for potential future distribution to employees ”

Table 38 after “Our segment net sales and earnings for the three months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 39 after “Our segment net sales and earnings for the three months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 40 after “Our segment net sales and earnings for the six months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 41 after “Our segment net sales and earnings for the six months ended June 28, 2026 and June 29, 2025 were as follows:”

Table 42 after “Activity within the unallocated mark-to-market adjustment for commodity derivatives is as follows:”

Table 43 after “Depreciation and amortization expense included within segment income presented above is as follows:”

Table 44 after “Additional information regarding our net sales disaggregated by geographical region is as follows:”

Table 45 after “A summary of our treasury stock activity is as follows:”

Table 46 after “We compute basic earnings per share for Common Stock and Class B common stock using the two-class method. The Class B common stock is conver”

Table 47 after “(amounts in thousands, except share data or if otherwise indicated)”

Table 48 after “A summary of the components of other (income) expense, net is as follows:”

Table 49 after “The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:”

Table 50 after “(amounts in thousands, except share data or if otherwise indicated)”

Table 51 after “CONSOLIDATED RESULTS OF OPERATIONS”

Table 52 after “Our segment results, including a reconciliation to our consolidated results, were as follows:”

Table 53 after “The North America Confectionery segment is responsible for our chocolate and non-chocolate confectionery market position in the United State”

Table 54 after “The North America Salty Snacks segment is responsible for our grocery and snacks market positions, including our salty snacking products. No”

Table 55 after “The International segment includes all other countries where we currently manufacture, import, market, sell or distribute chocolate and non-”

Table 56 after “The following table is derived from our Consolidated Statements of Cash Flows:”

Table 57 after “. Total dividend payments to holders of our Common Stock and Class B Common Stock were $574.4 million during the first six months of 2026, a”

Table 58 after “. We repurchase shares of Common Stock to offset the dilutive impact of treasury shares issued under our equity compensation plans. The valu”

Table 59 after “The following table shows the purchases of shares of Common Stock made by or on behalf of Hershey, or any “affiliated purchaser” (as defined”

Table 60 after “by our directors or officers during such period.”

Table 61 after “The following exhibits are filed as part of this Quarterly Report on Form 10-Q:”

For the three months ended June 29, 2025	North America Confectionery	North America Salty Snacks		International	Total
Net sales	$2,085,468		$315,519		$213,731	$2,614,718
Cost of sales	1,274,772		194,534		148,412
SM&A expense	306,767		54,505		45,524
Total segment income	$503,929		$66,480		$19,795	$590,204
Unallocated corporate expense (1)					181,527
Unallocated mark-to-market losses on commodity derivatives		200,727
Costs associated with business realignment activities (see Note 9)		15,139

For the six months ended June 28, 2026	North America Confectionery	North America Salty Snacks		International	Total
Net sales	$4,663,488		$737,915		$490,070	$5,891,473
Cost of sales	2,587,277		507,872		383,010
SM&A expense	578,048		133,163		96,946
Total segment income	$1,498,163		$96,880		$10,114	$1,605,157
Unallocated corporate expense (1)					372,828
Unallocated mark-to-market gains on commodity derivatives		(72,723)
Costs associated with business realignment activities (see Note 9)		21,718

For the six months ended June 29, 2025	North America Confectionery	North America Salty Snacks		International	Total
Net sales	$4,385,608		$593,317		$441,212	$5,420,137
Cost of sales	2,589,848		375,172		302,396
SM&A expense	595,457		109,812		90,295
Total segment income	$1,200,303		$108,333		$48,521	$1,357,157
Unallocated corporate expense (1)					341,952
Unallocated mark-to-market losses on commodity derivatives		412,181
Costs associated with business realignment activities (see Note 9)		40,992

	Six Months Ended June 28, 2026
	Shares	Dollars
		In thousands
Shares repurchased in the open market under pre-approved share repurchase programs	1,030,614		$200,000
Shares repurchased in the open market to replace Treasury Stock issued for stock options and incentive compensation	1,215,696		239,354
Total share repurchases	2,246,310		439,354
Shares issued for stock options and incentive compensation	(322,162)		$(13,405)
Total net share repurchases	1,924,148		425,949

	June 28, 2026	December 31, 2025
Inventories:
Raw materials	$896,466		$762,391
Goods in process	331,499		294,374
Finished goods	1,210,591		1,074,690
Inventories at First In First Out	2,438,556		2,131,455
Adjustment to Last In First Out	(695,238)		(702,201)
Total inventories	$1,743,318		$1,429,254

The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheets are as follows:
	June 28, 2026	December 31, 2025
Accounts payable:
Accounts payable—trade	$946,720		$831,204
Supplier finance program obligations	332,736		300,332
Other	121,366		124,165
Total accounts payable	$1,400,822		$1,255,701
Accrued liabilities:

	Six Months Ended
In millions of dollars	June 28, 2026	June 29, 2025
Net cash provided by (used in):
Operating activities	888.1		508.9
Investing activities	(199.6)		(301.8)
Financing activities	(828.1)		(22.5)
Effect of exchange rate changes on cash and cash equivalents	4.9		(3.0)
Net change in cash and cash equivalents	$(134.7)		$181.6

	Quarter Ended
In millions of dollars except per share amounts	March 29, 2026	June 28, 2026
Dividends paid per share – Common stock	$1.452		$1.452
Dividends paid per share – Class B common stock	$1.320		$1.320
Total cash dividends paid	$288.0		$286.4
Declaration date	February 4, 2026	April 29, 2026
Record date	February 17, 2026	May 15, 2026
Payment date	March 16, 2026	June 15, 2026

	Six Months Ended
In millions	June 28, 2026	June 29, 2025
Shares repurchased in the open market under pre-approved share repurchase programs (1)	$200.0		$—
Shares repurchased in the open market to replace Treasury Stock issued for stock options and incentive compensation	239.4		—
Cash used for total share repurchases (excluding excise tax)	$439.4		$—
Total shares repurchased under pre-approved share repurchase programs	1.0		—

Period	Total Number of Shares Purchased (1)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
						(in thousands of dollars)
March 30 through April 26	—		$—		—		$470,073
April 27 through May 24	1,100,696		$186.73		185,000		$434,628
May 25 through June 28	845,614		$194.60		845,614		$270,073
Total	1,946,310				1,030,614