The Hershey Company reported its third-quarter 2025 results on October 23, 2025, showing a 6.2% increase in organic, constant-currency net sales, largely driven by a net price realization of approximately six points. This performance indicates that previous pricing actions, rather than new increases announced in 2025, primarily support current sales growth. The company noted that while consolidated volumes were slightly positive, certain sectors faced modest declines due to price elasticity and changes in product dynamics.
Despite ongoing cost pressures from commodities and tariffs, Hershey’s strong pricing helped to mitigate these challenges. Cocoa prices remain elevated compared to 2023 levels, and recent pricing actions have only partially addressed inflation from the past two years. Moving forward, the focus will shift towards achieving stable volume growth as pricing comparisons ease. Hershey’s shares have gained 3.1% over the past six months, outperforming the industry’s growth of 0.2%.
