Prepare your work surface by lining it with parchment paper.

Combine granulated sugar, light corn syrup, and water in a medium saucepan, stir until dissolved.

Place saucepan over medium heat and bring mixture to a boil, stirring continuously for about 5 minutes.

Stop stirring and monitor temperature to reach the hard-ball stage at 250°F (121°C).

Remove from heat and let it settle until bubbling reduces.

Stir in peppermint extract and red food coloring until fully incorporated.

Allow the mixture to cool until it's safe to handle, about 10 to 15 minutes.

Dust hands and work surface with powdered sugar, and lightly grease your hands to prevent sticking.

Divide the mixture into small portions, roll into ropes, and cut into 1-inch pieces.

Dust each piece with powdered sugar and place them on prepared parchment paper.

Leave the candies at room temperature to cool completely and harden for at least 2 hours.