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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Hershey Co's retained earnings for the quarter that ended in Mar. 2026 was MXN101,766 Mil.
The Hershey Co's quarterly retained earnings
declined
from Sep. 2025 (MXN99,928 Mil) to Dec. 2025 (MXN98,949 Mil) but then
increased
from Dec. 2025 (MXN98,949 Mil) to Mar. 2026 (MXN101,766 Mil).
The Hershey Co's annual retained earnings
increased
from Dec. 2023 (MXN77,441 Mil) to Dec. 2024 (MXN118,842 Mil) but then
declined
from Dec. 2024 (MXN118,842 Mil) to Dec. 2025 (MXN98,949 Mil).
The Hershey Co (MEX:HSY) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
The Hershey Co Retained Earnings Historical Data
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The historical data trend for The Hershey Co's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MXN101,766 Mil mean?
The Hershey Co (MEX:HSY) has a Retained Earnings of MXN101,766 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on The Hershey Co and its competitors.
Is The Hershey Co's Retained Earnings too high?
The Hershey Co's current Retained Earnings is MXN101,766 Mil. Overall, The Hershey Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Hershey Co's Retained Earnings compare to TR and SOWG?
The Hershey Co's Retained Earnings of MXN101,766 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on The Hershey Co and its competitors. The Hershey Co's current Retained Earnings is MXN101,766 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hershey Co stock overvalued right now?
Based on GuruFocus' analysis, The Hershey Co (MEX:HSY) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,800.56, compared to a current price of MXN3,080.00 — trading 19% below its estimated fair value. The current Retained Earnings is MXN101,766 Mil. The Hershey Co's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For The Hershey Co (MEX:HSY), the current Retained Earnings is MXN101,766 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The Hershey Co (MEX:HSY) Overvalued in 2026?
Based on GuruFocus' analysis, The Hershey Co stock appears to be undervalued.
The current stock price of MXN3,080.00 is trading 19% below its estimated GF Value™ of MXN3,800.56.
GuruFocus considers The Hershey Co to be Modestly Undervalued.
Key valuation signals for MEX:HSY:
Retained Earnings: MXN101,766 Mil
GF Value™: MXN3,800.56 vs. price of MXN3,080.00 (19% below fair value)
No single metric tells the full story. See the MEX:HSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hershey is a leading US confectionery manufacturer (around a $55 billion market, according to Euromonitor), controlling 35% of the domestic chocolate aisle. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands, Dot's Pretzels, and LesserEvil over the past few years.
69GF Score
Get the complete analysis for MEX:HSY
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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