Hershey (HSY) risk factors: FY2025 10-K

1. Our Company’s reputation or brand image might be impacted as a result of issues, concerns or regulatory changes relating to the quality and safety of our products, ingredients or packaging, human and workplace rights, and other environmental, social or governance matters, which in turn could result in litigation or otherwise negatively impact our operating results.reworded
2. Disruption to our manufacturing operations or supply chain could impair our ability to produce or deliver finished products, resulting in a negative impact on our operating results.
3. We might not be able to hire, engage, and retain the talented global human capital we need to drive our growth strategies.
4. Risks associated with climate change and other environmental impacts, and increased focus and evolving views of our customers, stockholders and other stakeholders on environmental issues, could negatively affect our business and operations.reworded

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1. Increases in raw material and energy costs along with the availability of adequate supplies of raw materials could affect future financial results.
2. Price increases may not be sufficient to offset cost increases and maintain profitability or may result in sales volume declines associated with pricing elasticity.
3. Market demand for new and existing products could decline.
4. Increased marketplace competition could hurt our business.

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1. Our financial results may be adversely impacted by the failure to successfully execute or integrate acquisitions, divestitures and joint ventures.
2. Our international operations may not achieve projected growth objectives, which could adversely impact our overall business and results of operations.
3. We may not fully realize the expected cost savings and/or operating efficiencies associated with our strategic initiatives or restructuring programs, which may have an adverse impact on our business.

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1. Changes in governmental laws, regulations and policies, including taxes and tariffs, could increase our costs and liabilities or impact demand for our products.rewordedTariffs
2. Political, economic and/or financial market conditions could negatively impact our financial results.new

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1. Disruptions, failures or security breaches of our information technology infrastructure could have a negative impact on our operations.Cybersecurity
2. Complications with the design or implementation of our new enterprise resource planning system could adversely impact our business and operations.

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Headings in the FY2024 10-K with no match this year.

1. Political, economic and/or financial market conditions, including impacts on our business arising from the ongoing conflict between Russia and Ukraine, could negatively impact our financial results.