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Hershey HSY International — Measurement period adjustments

Other segment segments

North America Confectionery
$1.38M
North America Salty Snacks
$0

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Other financials

Income statement

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Revenue$2.8B+6.6%
Gross profit$1.3B+58.7%
Operating income$642.6M+233%
Net income$457.7M+630%
EPS (diluted)$2.26+629%

Balance sheet

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Cash & equivalents$791.2M-13.3%
Total debt$5.5B+828%
Total equity$4.6B-1.7%
Total assets$14.0B+2.4%

Cash flow

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Operating cash flow$419.3M+274%
CapEx$89.8M+5.6%
Free cash flow$329.5M+1,115%

Valuation

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Market cap$36.08B-5.6%
Enterprise value$40.79B+7.6%
P/E24.2×-0.8×
P/S-0.4×

Profitability

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Gross margin38.4%-1.7pp
Operating margin17.8%-0.9pp
Net margin12.2%-1.3pp
FCF margin18.3%+3.7pp

Returns & leverage

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Return on equity18.9%-31.5pp
Debt / equity1.1×+0.8×
Current ratio1.2×-0.3×

Where this comes from

Reported directly by Hershey in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The source filing: Hershey’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:20 PM EST
Fiscal year
FY2025
Accession
0001628280-26-008586
Line itemNorth America ConfectioneryNorth America Salty SnacksInternationalTotal
Acquired during the period20,72320,723
Foreign currency translation(8,697)(2,323)(11,020)
Balance at December 31, 20242,032,857657,00115,8952,705,753
Acquired during the period (see Note 2)289,142289,142
Measurement period adjustments1,3821,382
Impairment loss(6,403)(6,403)
Foreign currency translation4,8591,2726,131
Balance at December 31, 2025$2,039,098$946,143$10,764$2,996,005

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Hershey's international — measurement period adjustments?
Hershey (HSY) reported international — measurement period adjustments of $0 in Q4 2025.
What does international — measurement period adjustments mean?
This metric represents adjustments made to the initial accounting estimates of assets or liabilities acquired in a business combination during the defined measurement period. It reflects refinements to the fair value of acquired items as more information becomes available about facts and circumstances that existed at the acquisition date. Investors monitor these adjustments to assess the accuracy of initial purchase price allocations and the potential impact on subsequent financial reporting.

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