Every material Form 8-K Hershey Company (The) filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hershey reported third-quarter 2025 net sales of $3,181.4 million, up 6.5%, but reported net income fell 38.2% to $276.3 million, or $1.36 per diluted share. The company raised its 2025 net sales growth outlook to about 3% and its adjusted EPS outlook to the upper half of the previous range, which matters to shareholders because sales growth is strong while profit is sharply lower.
Q3 net sales of $3,181.4 million, up 6.5%; organic, constant currency net sales up 6.2%
Reported net income of $276.3 million, or $1.36 per diluted share, down 38.2%; adjusted EPS of $1.30, down 44.4%
2025 net sales growth outlook raised to about 3%, from at least 2%; adjusted EPS growth outlook now down 36% to 37%
Q3 reported gross margin of 32.6%, down from 41.3%; the outlook does not include the proposed LesserEvil acquisition
On October 21, 2025, Hershey entered a new five-year unsecured revolving credit facility of up to $1.875 billion and terminated its prior facility of up to $1.35 billion, which was dated April 26, 2023. The filing says the new facility can be increased by up to $1.0 billion with lender consent, and it includes a covenant requiring a ratio of pre-tax income to interest expense of at least 2.0 to 1.0.
New unsecured revolving credit facility of up to $1.875 billion, dated October 21, 2025
Option to increase commitments by up to $1.0 billion with lender consent
Prior $1.35 billion facility from April 26, 2023 terminated the same day
Covenant requires pre-tax income to interest expense ratio of at least 2.0 to 1.0 each fiscal quarter
Hershey director Juan R. Perez notified the board on August 21, 2025 that he will retire from the board and its Executive, Governance and Finance and Risk Management Committees, effective October 3, 2025. The filing says the decision was not due to any disagreement with the company on its operations, policies or practices.
Juan R. Perez notified the board of his retirement decision on August 21, 2025
Retirement is effective October 3, 2025, and covers the Executive, Governance and Finance and Risk Management Committees
The filing states no disagreement with the company on operations, policies or practices
Hershey's board appointed Chris Brandt, President and Chief Brand Officer of Chipotle Mexican Grill, as a director effective August 11, 2025. The Board has determined he is independent under NYSE standards, and he will sit on the Compensation and Human Capital and Finance and Risk Management Committees. For shareholders, this adds a director with more than 25 years of food and beverage marketing experience, and the filing discloses no financial results or guidance.
Chris Brandt appointed to the Board effective August 11, 2025, on the recommendation of the Governance Committee
Brandt has over 25 years of marketing experience in food and beverage and is currently President and Chief Brand Officer of Chipotle Mexican Grill
Brandt will serve on the Compensation and Human Capital and Finance and Risk Management Committees
Board found Brandt independent under NYSE listing standards; he will receive standard non-employee director pay
Hershey reported second-quarter 2025 net sales of $2,614.7 million, up 26.0%, driven partly by the lap of prior-year inventory reductions and a later Easter. Profit fell sharply: reported net income was $62.7 million, down 65.2%, and adjusted EPS was $1.21, down 4.7%. The company also cut its 2025 reported and adjusted EPS outlook, citing estimated tariff expenses and commodity costs.
Q2 2025 net sales $2,614.7 million, up 26.0%; organic, constant currency sales up 26.3%
Reported net income $62.7 million, or $0.31 per diluted share, down 65.2%; adjusted EPS $1.21, down 4.7%
2025 reported EPS growth outlook changed from down high-40% range to down ~50%; adjusted EPS growth from down mid-30% range to down 36% to 38%
Tariff expense estimated at $170 million to $180 million for the full year 2025
Hershey's board appointed Kirk Tanner, currently CEO of The Wendy's Company, as President and CEO effective August 18, 2025, and as a director on the same date. He succeeds Michele Buck, who is retiring and will serve as a Special Advisor until June 30, 2026. The filing does not include financial results or guidance changes, so the appointment's effect on shareholders will depend on the strategy Tanner sets.
Kirk Tanner, age 57, previously served at PepsiCo for over 30 years, including as CEO of PepsiCo Beverages North America from January 2019 to February 2024
Employment Agreement sets an annual base salary of $1,250,000 and a target bonus of 180% of base salary
Hershey reported first-quarter 2025 results for the period ended March 30, 2025, with net sales of $2,805.4 million, down 13.8%, and reported net income of $224.2 million, or $1.10 per diluted share, down 71.7%. The company reiterated its full-year 2025 outlook for net sales growth of at least 2%, reported EPS down in the high-40% range, and adjusted EPS down in the mid-30% range, with guidance including tariff expense expected in the second quarter.
Net sales of $2,805.4 million, down 13.8%; organic, constant currency net sales down 13.2%
Reported EPS of $1.10 diluted, down 71.7%; adjusted EPS of $2.09, down 31.9%
2025 outlook reiterated: net sales growth of at least 2%, reported EPS down high-40% range, adjusted EPS down mid-30% range
Derivative mark-to-market losses of $211.5 million pre-tax were a key driver of the reported profit decline
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Hershey Company (The) filing is on SEC EDGAR ↗. 8-K briefs of other companies →