Filing Flows › Hershey (HSY) › Q1 2026
Hershey (HSY) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Hershey (HSY) reported revenue of $3.1B for the first quarter 2026 (Q1 2026), +11% from a year earlier and +0.4% from the quarter before. Operating margin was 20.6%, net earnings $435M (14.0% of revenue).
Hershey, Q1 2026: revenue $3.1B (+11% year over year), operating margin 20.6%, net earnings $435M, operating cash flow $469M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +0.4% | +11% |
| Gross profit | $1.2B | +7% | +29% |
| Operating profit | $641M | +44% | +74% |
| Net earnings | $435M | +36% | +94% |
| Operating cash flow | $469M | -49% | +18% |
| Free cash flow | $354M | -55% | +41% |
What changed
Revenue was $3.1B in Q1 2026, up 11% year over year and roughly flat from the previous quarter.
Gross margin was 39.4%, up 5.7 points from Q1 2025. Operating profit was $0.64B, a 20.6% margin (up 7.5 points year over year). Of the extra revenue versus Q1 2025, 91% reached operating profit, above the 13% margin then. Operating expenses grew 1% against revenue growth of 11%. Net earnings were $0.44B, up 94% year over year. The effective tax rate was 26.6%.
Operating cash flow was $0.47B (up 18% year over year), 108% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.11B left free cash flow of $0.35B.
Questions
What was Hershey's revenue in the first quarter 2026?
Hershey (HSY) reported revenue of $3.1B for the first quarter 2026 (Q1 2026), +11% from a year earlier and +0.4% from the quarter before.
Was Hershey profitable in the first quarter 2026?
Operating profit was $641M (20.6% of revenue) and net earnings $435M.
Source: Hershey 10-Q on SEC EDGAR.