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Hershey Business Segments

Business, geographic, and product segment breakdowns

Hershey generates $12.0B in annual revenue across 3 key segments: International ($978.3M), North America Confectionery ($9.7B), and North America Salty Snacks ($1.3B). The company-wide operating margin is 14.29%. Based on the Q1 2026 filing.

International (TTM)$978.3MNorth America Confectionery (TTM)$9.7BNorth America Salty Snacks (TTM)$1.3B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$36.7B
P/E Ratio33.53
ROE18.89%

Geographic

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$2.5B$2.5B$2.3B$2.8B$2.7B$2.7B
All other countries$389.4M$337.7M$329.5M$381.7M$392.1M$392.7M

Property, plant and equipment, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other$533.4M———$562.1M—
United States$2.9B———$3B—

Business Segments

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery$68.3M$69.8M$72.8M$78.8M$77.7M$77.5M
North America Salty Snacks$27M$21.8M$22.3M$19.4M$23.7M$26.1M
Corporate—$21.8M$22M$22.3M—$22M
International$6.3M$6.2M$6.7M$7.3M$8.7M$7.4M

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery$1.2B$1.3B$1.3B$1.8B$1.5B$1.4B
North America Salty Snacks$174.1M$180.6M$194.5M$206.3M$223.2M$248.5M
International$172.6M$154M$148.4M$209.8M$228.5M$200.3M

Foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery-$6.5M$463K$4.5M—$1.6M-$1.3M
International-$681K$188K$782K$18K$284K-$39K
North America Salty Snacks$0$0$0$0$0$0

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery$2B$2B$2B$2B$2B$2B
North America Salty Snacks$657M$657M$657M$657M$946.1M$946.1M
International$15.9M$16.1M$16.9M$16.9M$10.8M$10.7M

Impairment loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International—$1.6M$1.6M$1.6M$1.6M—
North America Confectionery—$0$0$0$0—
North America Salty Snacks—$0$0$0$0—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery$2.4B$2.3B$2.1B$2.6B$2.5B$2.5B
North America Salty Snacks$278.9M$277.8M$315.5M$321M$357M$350.1M
International$254.5M$227.5M$213.7M$244.8M$255.6M$264.2M

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery$808.2M$696.4M$503.9M$571.5M$722M$792.4M
North America Salty Snacks$54.5M$41.9M$66.5M$57.7M$75.3M$34.3M
International$29.6M$28.7M$19.8M-$13.6M—$15.3M

Selling, marketing and administrative expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Confectionery$299.4M$288.7M$306.8M$291.9M$302.6M$295.1M
North America Salty Snacks$50.3M$55.3M$54.5M$57M$58.5M$67.3M
International$52.4M$44.8M$45.5M$48.6M$58.6M$48.6M