Filing Flows › Hershey (HSY) › Gross margin
Hershey (HSY) gross margin by quarter
Hershey's gross margin was 46.1% in Q3 2026 (third quarter 2026), +0.8 pts from Q2 2026. Over the last 7 quarters it ranged from 30.5% (Q2 2025) to 46.1% (Q3 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 46.1% | +0.8 pts | +13.5 pts |
| Q2 2026 | 45.3% | +5.9 pts | +14.9 pts |
| Q1 2026 | 39.4% | +2.4 pts | +5.7 pts |
| Q4 2025 | 37.0% | +4.4 pts | — |
| Q3 2025 | 32.6% | +2.2 pts | — |
| Q2 2025 | 30.5% | -3.2 pts | — |
| Q1 2025 | 33.7% | — | — |
Q3 2026 at a glance
Hershey, Q3 2026: revenue $3.3B (+3% year over year), operating margin 25.0%, net earnings $581M, operating cash flow $751M. The chart follows the revenue to costs, profit and cash.
Questions
What is Hershey's gross margin?
Hershey's gross margin was 46.1% in Q3 2026 (third quarter 2026), +0.8 pts from Q2 2026.
How has Hershey's gross margin changed?
Over the last 7 quarters it ranged from 30.5% (Q2 2025) to 46.1% (Q3 2026).