HERSHEY CO
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 17, 2026
HSY$173.48-2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements and Supplementary Data
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| Report of Independent Registered Public Accounting Firm (PCAOB ID: 42) | 48 |
|---|---|
| Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting | 51 |
| Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 | 53 |
| Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024 and 2023 | 54 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 55 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023 | 56 |
| Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2025, 2024 and 2023 | 57 |
| Notes to Consolidated Financial Statements | 58 |
| Note 1 - Summary of Significant Accounting Policies | 58 |
| Note 2 - Business Acquisitions | 64 |
| Note 3 - Goodwill and Intangible Assets | 66 |
| Note 4 - Short and Long-Term Debt | 67 |
| Note 5 - Derivative Instruments | 69 |
| Note 6 - Fair Value Measurements | 71 |
| Note 7 - Leases | 73 |
| Note 8 - Investments in Unconsolidated Affiliates | 75 |
| Note 9 - Business Realignment Activities | 76 |
| Note 10 - Income Taxes | 77 |
| Note 11 - Pension and Other Post-Retirement Benefit Plans | 81 |
| Note 12 - Stock Compensation Plans | 87 |
| Note 13 - Segment Information | 91 |
| Note 14 - Equity and Treasury Stock Activity | 93 |
| Note 15 - Commitments and Contingencies | 95 |
| Note 16 - Earnings Per Share | 97 |
| Note 17 - Other (Income) Expense, Net | 98 |
| Note 18 - Related Party Transactions | 98 |
| Note 19 - Supplemental Balance Sheet Information | 99 |
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