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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |