Hershey (HSY) Operating Expenses (2009 - 2026)
Hershey's (HSY) quarterly Operating Expenses came in at $628.9 million in Q2 2026, up 1.71% year-over-year from $618.3 million in Q2 2025, and up 6.7% quarter-over-quarter from $589.4 million in Q1 2026.
Analysis
Hershey (HSY) Operating Expenses (2009 - 2026) Analysis & Trends
Hershey (HSY) has reported Operating Expenses for 18 consecutive years, with $628.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1.71% year-over-year to $628.9 million in Q2 2026; TTM through Jun 2026 was $2.5 billion, a 2.26% increase from a year earlier, with the FY2025 full-year figure at $2.5 billion, up 1.16% from the prior year.
- Operating Expenses was $628.9 million for Q2 2026 at Hershey, up from $589.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $706.0 million in Q4 2025 and troughed at $525.5 million in Q2 2022.
- A 5-year average of $606.1 million and a median of $614.7 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses rose 15.51% in 2022 and decreased 7.9% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $618.5 million in 2022, then grew by 6.52% to $658.8 million in 2023, then retreated by 3.54% to $635.5 million in 2024, then grew by 11.1% to $706.0 million in 2025, then dropped by 10.92% to $628.9 million in 2026.
- The last three Operating Expenses figures came in at $628.9 million (Q2 2026), $589.4 million (Q1 2026), and $706.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mondelez International | 79.28 Bn | 77.56 Bn | 3.99 Bn | 2.01 Bn |
| 2 | Hershey | 35.12 Bn | 34.33 Bn | 1.26 Bn | 628.91 Mn |
| 3 | Tootsie Roll Industries | 2.90 Bn | 2.76 Bn | 52.63 Mn | 54.25 Mn |
| 4 | J&J Snack Foods | 1.57 Bn | 1.51 Bn | 151.02 Mn | 104.74 Mn |
| 5 | Utz Brands | 1.26 Bn | 1.20 Bn | 96.20 Mn | 101.30 Mn |
| 6 | Sanfilippo John B & Son | 831.44 Mn | 830.29 Mn | 44.15 Mn | 31.73 Mn |
| 7 | Sow Good | 65.17 Mn | 65.17 Mn | - | - |
| 8 | BranchOut Food | 58.99 Mn | 58.69 Mn | 96,825.00 | 2.66 Mn |
| 9 | Bridgford Foods | 53.92 Mn | 53.58 Mn | 10.86 Mn | 14.19 Mn |
| 10 | Rocky Mountain Chocolate Factory | 8.78 Mn | 8.17 Mn | 1.41 Mn | 7.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 628.91 Mn |
| Mar 29, 2026 | 589.40 Mn |
| Dec 31, 2025 | 705.98 Mn |
| Sep 28, 2025 | 611.12 Mn |
| Jun 29, 2025 | 618.35 Mn |
| Mar 30, 2025 | 584.53 Mn |
| Dec 31, 2024 | 635.47 Mn |
| Sep 29, 2024 | 641.05 Mn |
| Jun 30, 2024 | 579.99 Mn |
| Mar 31, 2024 | 634.65 Mn |
| Dec 31, 2023 | 658.81 Mn |
| Oct 1, 2023 | 623.88 Mn |
| Jul 2, 2023 | 573.32 Mn |
| Apr 2, 2023 | 583.94 Mn |
| Dec 31, 2022 | 618.49 Mn |
| Oct 2, 2022 | 552.27 Mn |
| Jul 3, 2022 | 544.17 Mn |
| Apr 3, 2022 | 525.50 Mn |
| Dec 31, 2021 | 555.72 Mn |
| Oct 3, 2021 | 489.54 Mn |