HSY changes
Pick any two versions below to diff them.
- Price
- $160.80 → $162.74(+1.2%)
- Next earnings
- Oct 30, 2026 → Oct 29, 2026
- Next earnings is estimate
- Yes → No
- Balance sheet
- added: Cash: $791M Debt: $5.6B Net debt: $4.8B EBITDA, last 12 months: $2.7B Net debt / EBITDA: 1.8× (low) Interest cover: 9.0× Undrawn credit line: $1.9B, to October 2030 Debt due within 12 months: $500M Last debt due: 2050 Ratings: Moody's A1 (stable outlook) Hershey funds itself with cash from operations and with unsecured fixed-rate notes that the parent company issues. removed: It added: The debt does not limit Hershey, and Moody's expects leverage on its own measure to fall from the mid-2 times range to below 2 times over 12 to 18 months. Moody's expects this as cocoa costs ease and margins recover. Hershey uses commercial paper for the summer peak in working removed: capital. added: capital, and the revolving credit facility backs it. At June 28, 2026, debt was removed: $5.6 billion. This was added: mostly $5.1 billion of notes due from 2026 to removed: 2050 and added: 2050, plus $264 million of commercial paper. It also included $157 million of foreign bank loans and $76 million of finance leases. Operating leases added about $313 million more. removed: Cash added: Most of the cash was removed: $791 million, mostly outside the United States. removed: Thus net debt was about $4.8 billion, or about 1.8 times trailing EBITDA removed: of about $2.7 billion. Trailing added: and EBIT removed: covered interest removed: about 9 times. added: cover are trailing figures. The removed: only near-term maturity was added: amount due within 12 months is $500 million of 2.300% notes due August 15, 2026. removed: An undrawn $1.875 billion revolving credit facility to October 2030 backs the commercial paper. On June 17, 2026, Moody's affirmed Hershey removed: at A1 with a stable outlook. Moody's expects leverage on its own measure to fall from the mid-2 times range to below 2 times over 12 to 18 months. It expects this as cocoa costs ease and margins recover. The debt does not limit Hershey. It can pay its dividend ($574 million in the first half of 2026) and keep modest buybacks. But a second large deal like LesserEvil would slow the fall in leverage. As of Jun 28, 2026.
- Checkpoints
- Oct removed: 30, 2026 (estimate): added: 29, 2026: Q3 2026 earnings: Halloween season volume and margin. Pending. Watch: A smaller volume decline, higher adjusted gross margin and the $8.36 to $8.52 EPS outlook held or raised pass; a deeper volume drop or a lower outlook fails. Feb 2027 (estimate): Full-year 2026 results and 2027 outlook. Pending. Watch: A 2027 outlook with double-digit EPS growth and stable volume passes; an outlook cut because of new cocoa costs or weak demand fails. Apr 2027 (estimate): Q1 2027 earnings: cocoa cost relief shows in margins. Pending. Watch: Gross margin up again as lower hedged cocoa costs arrive and volume flat or up passes; margin pressure from the September 2026 cocoa jump fails.