HERSHEY CO (HSY) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that HERSHEY CO surfaced in its latest filing.

• McLane Company, Inc., the largest customer, accounted for approximately 27% of consolidated net sales in 2025.2025
• Acquisition of LesserEvil, LLC completed in November 2025.November 2025
• Acquisition of Sour Strips brand from Actual Candy, LLC completed in 2024.2024
• Acquisition of certain assets from Weaver Popcorn completed in 2023.2023
• In February 2024, the Board of Directors approved the AAA Initiative, a multi-year productivity program to improve supply chain and manufacturing-related spend, optimize selling, general and administrative expenses, leverage new technology and business models to simplify and automate processes, and generate long-term savings.February 2024
• The European Union’s Deforestation Regulation (EUDR) will require diligence on seven commodities including cocoa, palm oil, and soy, and products derived from them, such as chocolate. The EUDR is scheduled to be effective in December 2026, following a two-year postponement.December 2026
• Operationalized the final phase of the new global ERP system in April 2024 for North America Confectionery segment and select International business units.April 2024