Hershey (HSY) Gross Margin (2009 - 2026)
Hershey (HSY) posted Gross Margin of 45.32% for Q2 2026, up 14.87 percentage points from 30.45% a year earlier and up 5.93 percentage points from the prior quarter.
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Analysis
Hershey (HSY) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 28, 2026, Gross Margin at Hershey was 38.38%, down 1.74 percentage points year-over-year; for FY2025, it came in at 33.55%, down 13.77 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -11.87 percentage points (FY2020 to FY2025).
- In prior years, Hershey's Gross Margin was 47.32% in FY2024 (+2.56 pp), 44.76% in FY2023 (+1.59 pp), 43.18% in FY2022 (-1.95 pp) and 45.13% in FY2021 (-0.29 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -3.07 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2026, with a gain of 14.87 percentage points; the weakest was Q1 2025, with a drop of 17.87 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 39.39% (Q1 2026), 37.04% (Q4 2025) and 32.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 136.33 Bn | 111.70 Bn | - | - |
| 2 | Mondelez International | 76.81 Bn | 70.13 Bn | 3.99 Bn | 42.61% |
| 3 | Hershey | 33.25 Bn | 29.49 Bn | 1.26 Bn | 45.32% |
| 4 | Kraft Heinz | 27.93 Bn | 14.46 Bn | 2.03 Bn | 32.39% |
| 5 | General Mills | 17.97 Bn | 15.62 Bn | 1.49 Bn | 33.88% |
| 6 | Mccormick | 13.05 Bn | 12.93 Bn | 778.20 Mn | 40.18% |
| 7 | J M Smucker | 12.89 Bn | 12.67 Bn | 979.60 Mn | 44.14% |
| 8 | Hormel Foods | 10.99 Bn | 7.67 Bn | 471.52 Mn | 15.92% |
| 9 | Chewy | 7.48 Bn | 4.77 Bn | 1.01 Bn | 30.36% |
| 10 | Conagra Brands | 6.78 Bn | 5.76 Bn | 704.10 Mn | 24.43% |
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% |
API Access
Hershey Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HSY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();