filings.toolsItem 16. FORM 10-K SUMMARY
10K characters. Original on sec.gov ·
Item 16. FORM 10-K SUMMARY
None.
| Table of Contents | The Hershey Company | 2025 Form 10-K | Page 109 |  |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, this 17th day of February, 2026.
| THE HERSHEY COMPANY | ||||||||
| (Registrant) | ||||||||
| By: | /s/ STEVEN E. VOSKUIL | |||||||
| Steven E. Voskuil | ||||||||
| Senior Vice President, Chief Financial Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the date indicated.
| Signature | Title | Date | ||||||||||||
| /s/ KIRK TANNER | President and Chief Executive Officer | February 17, 2026 | ||||||||||||
| Kirk Tanner | (Principal Executive Officer) | |||||||||||||
| /s/ STEVEN E. VOSKUIL | Senior Vice President, Chief Financial Officer | February 17, 2026 | ||||||||||||
| Steven E. Voskuil | (Principal Financial Officer) | |||||||||||||
| /s/ JENNIFER L. MCCALMAN | Vice President, Chief Accounting Officer | February 17, 2026 | ||||||||||||
| Jennifer L. McCalman | (Principal Accounting Officer) | |||||||||||||
| /s/ CHRISTOPHER W. BRANDT | Director | February 17, 2026 | ||||||||||||
| Christopher W. Brandt | ||||||||||||||
| /s/ TIMOTHY W. CUROE | Director | February 17, 2026 | ||||||||||||
| Timothy W. Curoe | ||||||||||||||
| /s/ MARY KAY HABEN | Director | February 17, 2026 | ||||||||||||
| Mary Kay Haben | ||||||||||||||
| /s/ HUONG MARIA T. KRAUS | Chairman of the Board, Director | February 17, 2026 | ||||||||||||
| Huong Maria T. Kraus | ||||||||||||||
| /s/ DEIRDRE A. MAHLAN | Director | February 17, 2026 | ||||||||||||
| Deirdre A. Mahlan | ||||||||||||||
| /s/ BARRY J. NALEBUFF | Director | February 17, 2026 | ||||||||||||
| Barry J. Nalebuff | ||||||||||||||
| /s/ KEVIN M. OZAN | Director | February 17, 2026 | ||||||||||||
| Kevin M. Ozan | ||||||||||||||
| /s/ MARIE QUINTERO-JOHNSON | Director | February 17, 2026 | ||||||||||||
| Marie Quintero-Johnson | ||||||||||||||
| /s/ CORDEL ROBBIN-COKER | Director | February 17, 2026 | ||||||||||||
| Cordel Robbin-Coker | ||||||||||||||
| /s/ HAROLD SINGLETON III | Director | February 17, 2026 | ||||||||||||
| Harold Singleton III | ||||||||||||||
| Table of Contents | The Hershey Company | 2025 Form 10-K | Page 110 | |
THE HERSHEY COMPANY AND SUBSIDIARIES
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended December 31, 2025, 2024 and 2023
| Additions | ||||||||||||||||||||||||||||||||
| Description | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts | Deductions from Reserves | Balance at End of Period | |||||||||||||||||||||||||||
| In thousands of dollars | ||||||||||||||||||||||||||||||||
| For the year ended December 31, 2025 | ||||||||||||||||||||||||||||||||
| Allowances deducted from assets | ||||||||||||||||||||||||||||||||
| Accounts receivable—trade, net (a) | $ | 40,487 | $ | 127,053 | $ | — | $ | (147,496) | $ | 20,044 | ||||||||||||||||||||||
| Valuation allowance on net deferred taxes (b) | 117,239 | 35,989 | — | (8,176) | 145,052 | |||||||||||||||||||||||||||
| Inventory obsolescence reserve (c) | 44,705 | 30,263 | — | (31,580) | 43,388 | |||||||||||||||||||||||||||
| Total allowances deducted from assets | $ | 202,431 | $ | 193,305 | $ | — | $ | (187,252) | $ | 208,484 | ||||||||||||||||||||||
| For the year ended December 31, 2024 | ||||||||||||||||||||||||||||||||
| Allowances deducted from assets | ||||||||||||||||||||||||||||||||
| Accounts receivable—trade, net (a) | $ | 31,663 | $ | 238,284 | $ | — | $ | (229,460) | $ | 40,487 | ||||||||||||||||||||||
| Valuation allowance on net deferred taxes (b) | 114,149 | 19,801 | — | (16,711) | 117,239 | |||||||||||||||||||||||||||
| Inventory obsolescence reserve (c) | 41,839 | 48,548 | — | (45,682) | 44,705 | |||||||||||||||||||||||||||
| Total allowances deducted from assets | $ | 187,651 | $ | 306,633 | $ | — | $ | (291,853) | $ | 202,431 | ||||||||||||||||||||||
| For the year ended December 31, 2023 | ||||||||||||||||||||||||||||||||
| Allowances deducted from assets | ||||||||||||||||||||||||||||||||
| Accounts receivable—trade, net (a) | $ | 26,001 | $ | 248,022 | $ | — | $ | (242,360) | $ | 31,663 | ||||||||||||||||||||||
| Valuation allowance on net deferred taxes (b) | 137,531 | 6,927 | — | (30,309) | 114,149 | |||||||||||||||||||||||||||
| Inventory obsolescence reserve (c) | 29,354 | 73,687 | — | (61,202) | 41,839 | |||||||||||||||||||||||||||
| Total allowances deducted from assets | $ | 192,886 | $ | 328,636 | $ | — | $ | (333,871) | $ | 187,651 | ||||||||||||||||||||||
(a) Includes allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable.
(b) Includes adjustments to the valuation allowance for deferred tax assets that we do not expect to realize, as well as the release of valuation allowances.
(c) Includes adjustments to the inventory reserve, transfers, disposals and write-offs of obsolete inventory.
| Table of Contents | The Hershey Company | 2025 Form 10-K | Page 111 | |
Previous: Item 15. (a)(3): Exhibits