Hershey (HSY) Operating Expenses (2009 - 2026)

For the trailing twelve months through Jun 28, 2026, Operating Expenses at Hershey was $2.54 billion, up 2.3% year-over-year; for FY2025, it came in at $2.52 billion, up 1.2% from FY2024.

• Annual Operating Expenses has increased for six consecutive years, with a five-year compound annual growth rate of 5.6% (FY2020 to FY2025).
• In prior years, Hershey's Operating Expenses was $2.49 billion in FY2024 (+2.1%), $2.44 billion in FY2023 (+8.9%), $2.24 billion in FY2022 (+11.0%) and $2.02 billion in FY2021 (+5.0%).
• Quarterly Operating Expenses has run from a low of $489.54 million in Q3 2021 to a high of $705.98 million in Q4 2025 over five years.
• On a year-over-year basis, Operating Expenses has increased in each of the last three quarters, with growth averaging 0.9% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q2 2022, with growth of 15.5%; the weakest was Q1 2025, with a decline of 7.9%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $589.4 million (Q1 2026), $705.98 million (Q4 2025) and $611.12 million (Q3 2025).