Hershey Files 10-Q/A Amendment, Confirms Large Accelerated Filer Status

TL;DR

**Hershey's 10-Q/A is a routine compliance update, signaling stability but offering no new catalysts for HSY stock.**

AI Summary

The Hershey Company filed a 10-Q/A Amendment No. 2 for the quarterly period ended March 30, 2025, primarily to amend its previous 10-Q filing. While specific revenue and net income figures are not detailed in this amendment, the filing confirms Hershey's status as a large accelerated filer, indicating a public float of $700 million or more and a history of timely SEC filings. The amendment also lists key executives including Michele G. Buck, Rohit Grover, Jennifer L. McCalman, and James Turoff, who were associated with the company during the first quarter of 2025. The company's common stock, with a one dollar par value, is traded on the New York Stock Exchange under the symbol HSY. This filing confirms compliance with Section 13 or 15(d) of the Securities Exchange Act of 1934, having filed all required reports in the preceding 12 months and submitted all Interactive Data Files. The amendment itself does not introduce new financial results but rather corrects or clarifies information from a prior filing, ensuring regulatory accuracy.

Why It Matters

This 10-Q/A filing, while an amendment, is crucial for investors as it confirms Hershey's continued compliance with SEC regulations and its status as a large accelerated filer, signaling financial stability and transparency. For employees and customers, it reinforces the company's operational integrity and commitment to governance. In a competitive market, consistent and accurate regulatory filings like this help maintain investor confidence, which is vital for Hershey to sustain its market position against rivals like Mondelez International and Nestlé. The amendment ensures that the public record is accurate, which is fundamental for informed investment decisions.

Risk Assessment

Risk Level: low — The risk level is low because this is an amendment filing (10-Q/A) rather than an initial report, suggesting corrections or clarifications to previously reported information. The filing explicitly states Hershey has 'filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months' and 'submitted electronically every Interactive Data File,' indicating strong regulatory compliance.

Analyst Insight

Investors should view this filing as a confirmation of Hershey's ongoing regulatory compliance and operational stability, not a signal for immediate action. Maintain existing positions if bullish on the long-term outlook for consumer staples, but do not expect new financial insights from this specific amendment.

Executive Compensation

Key Numbers

• 2025-03-30 — Quarterly Period End Date (The period covered by the 10-Q/A filing)
• 1-183 — Commission File Number (Unique identifier for Hershey's SEC filings)
• 1 — Par Value per Share (Par value of Hershey's Common Stock)

Key Players & Entities

• HERSHEY CO (company) — Registrant in the 10-Q/A filing
• Michele G. Buck (person) — Executive associated with HSY during Q1 2025
• Rohit Grover (person) — Executive associated with HSY during Q1 2025
• Jennifer L. McCalman (person) — Executive associated with HSY during Q1 2025
• James Turoff (person) — Executive associated with HSY during Q1 2025
• New York Stock Exchange (regulator) — Exchange where HSY Common Stock is registered
• SEC (regulator) — Regulator for 10-Q/A filings
• $700 million (dollar_amount) — Threshold for large accelerated filer status

FAQ

Industry Context

Hershey operates within the sugar and confectionery products industry, a sector characterized by established brands and consumer loyalty. The industry is influenced by consumer preferences for convenience, health trends, and seasonal demand. Competition often comes from both large multinational corporations and smaller niche players.

Regulatory Implications

As a large accelerated filer, Hershey is subject to stringent SEC reporting requirements, including timely filings and adherence to accounting standards. This amendment highlights the importance of accuracy and completeness in regulatory disclosures. Failure to comply can result in penalties and reputational damage.

What Investors Should Do

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Key Dates

• 2025-03-30: Quarterly Period End Date — Marks the end of the reporting period for the 10-Q/A filing.
• 2025-07-03: Filing Date — The date Amendment No. 2 to the 10-Q was officially filed with the SEC.

Glossary

10-Q/A

An amended quarterly report filed with the SEC, used to correct or supplement information previously filed in a 10-Q. (This filing is an amendment to Hershey's quarterly report, indicating a need for correction or clarification of prior information.)

Large accelerated filer

A classification for public companies that have a public float of $700 million or more and have been subject to SEC reporting requirements for at least 12 calendar months. (Hershey's status as a large accelerated filer signifies its substantial market capitalization and established reporting history.)

Par Value

A nominal value assigned to a share of stock by the company's charter, often a very small amount. (Hershey's Common Stock has a par value of $1, which is a standard accounting practice.)

Interactive Data File

Electronic filings submitted to the SEC using XBRL (eXtensible Business Reporting Language) to tag financial data, making it more accessible and analyzable. (Hershey confirms it has submitted all required Interactive Data Files, demonstrating compliance with modern SEC digital reporting standards.)

Year-Over-Year Comparison

This filing is an amendment (Amendment No. 2) to a previous 10-Q, indicating corrections or clarifications rather than new financial reporting for the period ended March 30, 2025. Therefore, a direct comparison of key metrics like revenue growth or margin changes to the prior year is not possible based solely on this amendment. The primary focus is on ensuring the accuracy and completeness of previously submitted information.

From the Filing

0000047111-25-000061.txt : 20250703 0000047111-25-000061.hdr.sgml : 20250703 20250703162556 ACCESSION NUMBER: 0000047111-25-000061 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20250330 FILED AS OF DATE: 20250703 DATE AS OF CHANGE: 20250703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERSHEY CO CENTRAL INDEX KEY: 0000047111 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] ORGANIZATION NAME: 04 Manufacturing EIN: 230691590 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-00183 FILM NUMBER: 251105881 BUSINESS ADDRESS: STREET 1: 19 EAST CHOCOLATE AVENUE STREET 2: EXTERNAL RPTG & COMPLIANCE CITY: HERSHEY STATE: PA ZIP: 17033 BUSINESS PHONE: 7175344200 MAIL ADDRESS: STREET 1: 19 EAST CHOCOLATE AVENUE STREET 2: EXTERNAL RPTG & COMPLIANCE CITY: HERSHEY STATE: PA ZIP: 17033 FORMER COMPANY: FORMER CONFORMED NAME: HERSHEY FOODS CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HERSHEY CHOCOLATE CORP DATE OF NAME CHANGE: 19680401 10-Q/A 1 hsy-20250330.htm FORM 10-Q/A hsy-20250330 0000047111 2025 --12-31 Q1 TRUE 245 309 184 276 xbrli:shares 0000047111 2025-01-01 2025-03-30 0000047111 us-gaap:CommonStockMember 2025-04-25 0000047111 us-gaap:CommonClassBMember 2025-04-25 0000047111 hsy:MicheleGBuckMember 2025-01-01 2025-03-30 0000047111 hsy:MicheleGBuckMember 2025-03-30 0000047111 hsy:RohitGroverMember 2025-01-01 2025-03-30 0000047111 hsy:RohitGroverMember 2025-03-30 0000047111 hsy:JenniferL.McCalmanMember 2025-01-01 2025-03-30 0000047111 hsy:JenniferL.McCalmanMember 2025-03-30 0000047111 hsy:JamesTuroffMember 2025-01-01 2025-03-30 0000047111 hsy:JamesTuroffMember 2025-03-30 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A Amendment No. 2 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to_______ Commission file number 1-183 THE HERSHEY CO MPANY (Exact name of registrant as specified in its charter) Delaware 23-0691590 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 19 East Chocolate Avenue , Hershey , PA 17033 (Address of principal executive offices and Zip Code) ( 717 ) 534-4200 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, one dollar par value HSY New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No  ¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No  ¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer x Accelerated filer ☐ Non-accelerated filer