
Hershey Co
NYSE:HSY

Income Statement
Earnings Waterfall
Hershey Co
Revenue
|
11.2B
USD
|
Cost of Revenue
|
-5.9B
USD
|
Gross Profit
|
5.3B
USD
|
Operating Expenses
|
-2.4B
USD
|
Operating Income
|
2.9B
USD
|
Other Expenses
|
-706m
USD
|
Net Income
|
2.2B
USD
|
Income Statement
Hershey Co
Dec-2014 | Apr-2015 | Jul-2015 | Oct-2015 | Dec-2015 | Apr-2016 | Jul-2016 | Oct-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Oct-2017 | Dec-2017 | Apr-2018 | Jul-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Apr-2021 | Jul-2021 | Oct-2021 | Dec-2021 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Oct-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
7 422
N/A
|
7 488
+1%
|
7 488
+0%
|
7 487
0%
|
7 387
-1%
|
7 278
-1%
|
7 336
+1%
|
7 379
+1%
|
7 440
+1%
|
7 491
+1%
|
7 516
+0%
|
7 546
+0%
|
7 515
0%
|
7 608
+1%
|
7 696
+1%
|
7 743
+1%
|
7 791
+1%
|
7 836
+1%
|
7 851
+0%
|
7 906
+1%
|
7 986
+1%
|
8 007
+0%
|
7 947
-1%
|
8 033
+1%
|
8 150
+1%
|
8 408
+3%
|
8 690
+3%
|
8 830
+2%
|
8 971
+2%
|
9 506
+6%
|
9 889
+4%
|
10 257
+4%
|
10 419
+2%
|
10 741
+3%
|
10 858
+1%
|
11 160
+3%
|
11 165
+0%
|
11 430
+2%
|
11 014
-4%
|
10 972
0%
|
11 202
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 086)
|
(4 123)
|
(4 105)
|
(4 073)
|
(3 996)
|
(3 971)
|
(3 985)
|
(4 046)
|
(4 213)
|
(4 170)
|
(4 206)
|
(4 167)
|
(4 055)
|
(4 081)
|
(4 140)
|
(4 262)
|
(4 204)
|
(4 333)
|
(4 274)
|
(4 254)
|
(4 364)
|
(4 410)
|
(4 433)
|
(4 381)
|
(4 446)
|
(4 521)
|
(4 669)
|
(4 827)
|
(4 918)
|
(5 140)
|
(5 450)
|
(5 771)
|
(5 921)
|
(6 104)
|
(6 090)
|
(6 140)
|
(6 167)
|
(6 136)
|
(6 011)
|
(6 094)
|
(5 901)
|
|
Gross Profit |
3 336
N/A
|
3 365
+1%
|
3 383
+1%
|
3 414
+1%
|
3 390
-1%
|
3 307
-2%
|
3 352
+1%
|
3 334
-1%
|
3 228
-3%
|
3 321
+3%
|
3 311
0%
|
3 379
+2%
|
3 461
+2%
|
3 527
+2%
|
3 556
+1%
|
3 481
-2%
|
3 587
+3%
|
3 503
-2%
|
3 577
+2%
|
3 652
+2%
|
3 622
-1%
|
3 597
-1%
|
3 514
-2%
|
3 651
+4%
|
3 703
+1%
|
3 888
+5%
|
4 022
+3%
|
4 003
0%
|
4 054
+1%
|
4 366
+8%
|
4 439
+2%
|
4 486
+1%
|
4 499
+0%
|
4 637
+3%
|
4 769
+3%
|
5 020
+5%
|
4 998
0%
|
5 294
+6%
|
5 003
-5%
|
4 878
-3%
|
5 301
+9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 896)
|
(1 935)
|
(1 951)
|
(1 974)
|
(1 952)
|
(1 918)
|
(1 917)
|
(1 889)
|
(1 874)
|
(1 870)
|
(1 849)
|
(1 850)
|
(1 874)
|
(1 895)
|
(1 903)
|
(1 881)
|
(1 852)
|
(1 829)
|
(1 836)
|
(1 864)
|
(1 912)
|
(1 919)
|
(1 880)
|
(1 868)
|
(1 880)
|
(1 898)
|
(1 958)
|
(1 972)
|
(1 993)
|
(2 043)
|
(2 119)
|
(2 187)
|
(2 234)
|
(2 291)
|
(2 319)
|
(2 391)
|
(2 437)
|
(2 457)
|
(2 402)
|
(2 350)
|
(2 374)
|
|
Selling, General & Administrative |
(1 896)
|
(1 935)
|
(1 951)
|
(1 974)
|
(1 903)
|
(1 918)
|
(1 919)
|
(1 892)
|
(1 827)
|
(1 870)
|
(1 849)
|
(1 850)
|
(1 828)
|
(1 895)
|
(1 903)
|
(1 881)
|
(1 814)
|
(1 829)
|
(1 836)
|
(1 864)
|
(1 875)
|
(1 919)
|
(1 874)
|
(1 863)
|
(1 843)
|
(1 898)
|
(1 958)
|
(1 972)
|
(1 953)
|
(2 043)
|
(2 119)
|
(2 187)
|
(2 187)
|
(2 291)
|
(2 319)
|
(2 391)
|
(2 437)
|
(2 457)
|
(2 402)
|
(2 350)
|
(2 374)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(49)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
(46)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
1 440
N/A
|
1 430
-1%
|
1 432
+0%
|
1 440
+1%
|
1 439
0%
|
1 389
-3%
|
1 434
+3%
|
1 444
+1%
|
1 353
-6%
|
1 451
+7%
|
1 462
+1%
|
1 529
+5%
|
1 587
+4%
|
1 632
+3%
|
1 654
+1%
|
1 600
-3%
|
1 734
+8%
|
1 674
-4%
|
1 740
+4%
|
1 788
+3%
|
1 711
-4%
|
1 678
-2%
|
1 635
-3%
|
1 784
+9%
|
1 823
+2%
|
1 990
+9%
|
2 064
+4%
|
2 031
-2%
|
2 060
+1%
|
2 323
+13%
|
2 320
0%
|
2 299
-1%
|
2 265
-1%
|
2 345
+4%
|
2 450
+4%
|
2 629
+7%
|
2 561
-3%
|
2 837
+11%
|
2 601
-8%
|
2 528
-3%
|
2 927
+16%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(81)
|
(79)
|
(83)
|
(89)
|
(76)
|
(93)
|
(91)
|
(87)
|
(90)
|
(92)
|
(95)
|
(95)
|
(94)
|
(101)
|
(110)
|
(120)
|
(140)
|
(144)
|
(147)
|
(150)
|
(137)
|
(151)
|
(147)
|
(149)
|
(149)
|
(150)
|
(143)
|
(135)
|
(127)
|
(131)
|
(133)
|
(139)
|
(138)
|
(142)
|
(145)
|
(150)
|
(152)
|
(154)
|
(159)
|
(163)
|
(166)
|
|
Non-Reccuring Items |
(50)
|
(50)
|
(321)
|
(422)
|
(470)
|
(403)
|
(203)
|
(134)
|
(115)
|
(377)
|
(330)
|
(304)
|
(344)
|
(105)
|
(142)
|
(136)
|
(160)
|
(145)
|
(103)
|
(98)
|
(172)
|
(190)
|
(181)
|
(181)
|
(166)
|
(154)
|
(152)
|
(166)
|
(130)
|
(125)
|
(133)
|
(152)
|
(193)
|
(181)
|
(245)
|
(238)
|
(0)
|
(165)
|
(125)
|
(186)
|
(29)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(26)
|
(24)
|
(25)
|
(49)
|
(54)
|
(60)
|
(82)
|
(38)
|
(35)
|
(31)
|
(18)
|
(24)
|
(27)
|
(30)
|
(30)
|
(21)
|
(17)
|
(16)
|
(8)
|
(13)
|
(12)
|
(10)
|
(11)
|
(5)
|
(9)
|
(12)
|
(15)
|
(18)
|
(23)
|
(25)
|
(25)
|
(237)
|
(119)
|
(113)
|
(109)
|
(259)
|
|
Pre-Tax Income |
1 306
N/A
|
1 299
-1%
|
1 026
-21%
|
927
-10%
|
902
-3%
|
867
-4%
|
1 116
+29%
|
1 197
+7%
|
1 099
-8%
|
928
-16%
|
976
+5%
|
1 049
+7%
|
1 111
+6%
|
1 392
+25%
|
1 370
-2%
|
1 326
-3%
|
1 410
+6%
|
1 357
-4%
|
1 460
+8%
|
1 510
+3%
|
1 381
-9%
|
1 320
-4%
|
1 291
-2%
|
1 446
+12%
|
1 495
+3%
|
1 674
+12%
|
1 759
+5%
|
1 718
-2%
|
1 797
+5%
|
2 057
+14%
|
2 042
-1%
|
1 993
-2%
|
1 917
-4%
|
1 999
+4%
|
2 035
+2%
|
2 215
+9%
|
2 172
-2%
|
2 399
+10%
|
2 205
-8%
|
2 071
-6%
|
2 474
+19%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(459)
|
(459)
|
(455)
|
(425)
|
(389)
|
(369)
|
(372)
|
(381)
|
(379)
|
(340)
|
(331)
|
(357)
|
(387)
|
(415)
|
(373)
|
(338)
|
(247)
|
(240)
|
(254)
|
(244)
|
(234)
|
(208)
|
(224)
|
(257)
|
(220)
|
(271)
|
(322)
|
(283)
|
(314)
|
(370)
|
(341)
|
(338)
|
(272)
|
(300)
|
(245)
|
(306)
|
(310)
|
(327)
|
(359)
|
(297)
|
(253)
|
|
Income from Continuing Operations |
847
|
839
|
571
|
502
|
513
|
498
|
744
|
817
|
720
|
588
|
645
|
692
|
724
|
977
|
997
|
989
|
1 163
|
1 116
|
1 206
|
1 266
|
1 147
|
1 112
|
1 066
|
1 189
|
1 275
|
1 404
|
1 437
|
1 434
|
1 483
|
1 687
|
1 701
|
1 656
|
1 645
|
1 699
|
1 790
|
1 909
|
1 862
|
2 072
|
1 846
|
1 774
|
2 221
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
27
|
28
|
27
|
26
|
(1)
|
2
|
1
|
7
|
8
|
4
|
5
|
3
|
5
|
6
|
6
|
3
|
(0)
|
(1)
|
(1)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
847
N/A
|
839
-1%
|
571
-32%
|
502
-12%
|
513
+2%
|
498
-3%
|
744
+49%
|
817
+10%
|
720
-12%
|
615
-15%
|
673
+9%
|
719
+7%
|
783
+9%
|
1 008
+29%
|
1 031
+2%
|
1 022
-1%
|
1 178
+15%
|
1 132
-4%
|
1 218
+8%
|
1 279
+5%
|
1 150
-10%
|
1 116
-3%
|
1 073
-4%
|
1 195
+11%
|
1 279
+7%
|
1 403
+10%
|
1 436
+2%
|
1 433
0%
|
1 478
+3%
|
1 687
+14%
|
1 701
+1%
|
1 656
-3%
|
1 645
-1%
|
1 699
+3%
|
1 790
+5%
|
1 909
+7%
|
1 862
-2%
|
2 072
+11%
|
1 846
-11%
|
1 774
-4%
|
2 221
+25%
|
|
EPS (Diluted) |
3.77
N/A
|
3.76
0%
|
2.6
-31%
|
2.28
-12%
|
2.32
+2%
|
2.28
-2%
|
3.46
+52%
|
3.78
+9%
|
3.34
-12%
|
2.87
-14%
|
3.14
+9%
|
3.36
+7%
|
3.66
+9%
|
4.75
+30%
|
4.9
+3%
|
4.85
-1%
|
5.58
+15%
|
5.38
-4%
|
5.77
+7%
|
6.05
+5%
|
5.46
-10%
|
5.31
-3%
|
5.13
-3%
|
5.7
+11%
|
6.11
+7%
|
6.72
+10%
|
6.91
+3%
|
6.91
N/A
|
5.51
-20%
|
8.13
+48%
|
8.23
+1%
|
8.02
-3%
|
7.96
-1%
|
8.24
+4%
|
8.69
+5%
|
9.29
+7%
|
9.06
-2%
|
10.11
+12%
|
9.09
-10%
|
8.74
-4%
|
10.91
+25%
|