Hershey HSY
NYSE HSY
$173.26 +0.11 (+0.06%)
As of: Sep 8, 2026 · 3:59 PM EDT

Hershey (HSY) Gross Margin (2009 - 2026)

Hershey's (HSY) quarterly Gross Margin came in at 45.32% in Q2 2026, up 1487.0% year-over-year from 2.86% in Q2 2025, and up 15.06% quarter-over-quarter from 39.39% in Q1 2026.

Analysis

Hershey (HSY) Gross Margin (2009 - 2026) Analysis & Trends

Hershey (HSY) has reported Gross Margin for 18 consecutive years, with 45.32% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Gross Margin rose 1487.0% year-over-year to 45.32% in Q2 2026; TTM through Jun 2026 was 38.38%, a 174.0% decrease from a year earlier, with the FY2025 full-year figure at 33.55%, down 1377.0% from the prior year.
  • Gross Margin was 45.32% for Q2 2026 at Hershey, up from 39.39% in the prior quarter.
  • Over five years, Gross Margin peaked at 53.97% in Q4 2024 and troughed at 30.45% in Q2 2025.
  • A 5-year average of 42.05% and a median of 42.21% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin sank 1787 bps in 2025 and surged 1487 bps in 2026, its largest moves.
  • Over 5 years, Gross Margin stood at 43.16% in 2022, then retreated by 2 bps to 42.27% in 2023, then advanced by 28 bps to 53.97% in 2024, then plunged by 31 bps to 37.04% in 2025, then advanced by 22 bps to 45.32% in 2026.
  • The last three Gross Margin figures came in at 45.32% (Q2 2026), 39.39% (Q1 2026), and 37.04% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Mondelez International 78.21 Bn 76.55 Bn 3.99 Bn 42.61%
2 Hershey 35.00 Bn 34.21 Bn 1.26 Bn 45.32%
3 Tootsie Roll Industries 2.91 Bn 2.77 Bn 52.63 Mn 34.13%
4 Utz Brands 2.05 Bn 2.61 Bn 96.20 Mn 25.87%
5 J&J Snack Foods 1.57 Bn 1.50 Bn 151.02 Mn 35.45%
6 Sanfilippo John B & Son 847.35 Mn 846.20 Mn 44.15 Mn 15.74%
7 Sow Good 61.10 Mn 61.10 Mn - -
8 BranchOut Food 58.35 Mn 58.05 Mn 96,825.00 2.17%
9 Bridgford Foods 54.91 Mn 54.58 Mn 10.86 Mn 23.10%
10 Rocky Mountain Chocolate Factory 9.30 Mn 8.69 Mn 1.41 Mn 23.08%
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 45.32%
Mar 29, 2026 39.39%
Dec 31, 2025 37.04%
Sep 28, 2025 32.61%
Jun 29, 2025 30.45%
Mar 30, 2025 33.66%
Dec 31, 2024 53.97%
Sep 29, 2024 41.26%
Jun 30, 2024 40.19%
Mar 31, 2024 51.53%
Dec 31, 2023 42.27%
Oct 1, 2023 44.89%
Jul 2, 2023 45.46%
Apr 2, 2023 46.27%
Dec 31, 2022 43.16%
Oct 2, 2022 40.63%
Jul 3, 2022 42.15%
Apr 3, 2022 46.71%
Dec 31, 2021 43.54%
Oct 3, 2021 44.97%