Hershey's profit falls 38% in Q3, to $276 million, due to impact of tariffs.

The American chocolate and candy manufacturer Hershey saw a 38% drop in third-quarter profit for 2025, to $276 million. The company was affected by the rising cost of raw materials, such as cocoa and milk, and by tariffs applied on imported products. Despite the lower profit, revenue grew by 6.5% compared to the same period last year, to $3.18 billion. The performance was sustained by price increases and the good performance of the snack and snack lines and international operations, especially outside the United States. According to Hershey's CEO, Kirk Tanner, the company managed to "deliver results above internal expectations" thanks to innovation and cost discipline. He stated that even with the more difficult environment, the company maintained its focus on productivity and expansion in emerging markets. The operating profit margin - which measures how much is left after paying costs and expenses - fell to 13.7%, from 20.5% a year earlier. The impact came mainly from the ...