Hershey (HSY) Gross Margin (2009 - 2026)
Hershey (HSY) posted quarterly Gross Margin of 45.32% for 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.
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.
- In Q2 2026, Gross Margin rose 1487.0% year-over-year to 45.32%; the TTM figure through Jun 2026 stood at 38.38% (down 174.0% YoY), while the FY2025 annual figure was 33.55%, down 1377.0% from the prior year.
- Gross Margin climbed to 45.32% in Q2 2026 per HSY's latest filing, from 39.39% in the prior quarter.
- Across five years, Gross Margin topped out at 53.97% in Q4 2024 and bottomed at 30.45% in Q2 2025.
- Historically, Gross Margin has averaged 42.05% across 5 years, with a median of 42.21% in 2023.
- Annual changes were most pronounced in 2025 — Gross Margin plunged 1787 bps — and 2026, when it soared 1487 bps.
- Hershey's Gross Margin stood at 43.16% in 2022, then slipped by 2 bps to 42.27% in 2023, then grew by 28 bps to 53.97% in 2024, then plunged by 31 bps to 37.04% in 2025, then grew by 22 bps to 45.32% in 2026.
- Business Quant data shows HSY's Gross Margin at 45.32% in Q2 2026, 39.39% in Q1 2026, and 37.04% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mondelez International | 80.42 Bn | 78.71 Bn | 3.99 Bn | 42.61% |
| 2 | Hershey | 27.07 Bn | 26.28 Bn | 1.26 Bn | 45.32% |
| 3 | Tootsie Roll Industries | 3.06 Bn | 2.92 Bn | 52.63 Mn | 34.13% |
| 4 | Sow Good | 64.08 Mn | 61.76 Mn | - | - |
| 5 | Rocky Mountain Chocolate Factory | 12.49 Mn | 11.88 Mn | 1.41 Mn | 23.08% |
Historic Data
Download 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% |