HERSHEY CO FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $11.7B |
| Gross margin | 33.5% |
| Operating income | $1.4B |
| Net income | $883.3M |
| Diluted EPS | — not reported |
| Cash & equivalents | — not reported |
| Total assets | $13.7B |
| Long-term debt | $4.7B |
Key takeaway
Hershey's 2025 net sales grew 4.4% to $11.69 billion, mainly from higher pricing (~6%) and the LesserEvil and Sour Strips acquisitions, partly offset by volume declines.
🔒 4 more takeaways in the full analysis
Beneath the surface
Unallocated mark-to-market losses on commodity derivatives swung to a $423.2 million loss in 2025 from a $460.4 million gain in 2024, a nearly $900 million swing that masks underlying segment performance.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for HSY.
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