Hershey Co (HSY)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,997,820 | 4,498,780 | 4,048,600 | 3,701,270 | 3,622,480 |
| Revenue | US$ in thousands | 10,955,600 | 10,318,600 | 8,933,440 | 8,149,720 | 7,986,250 |
| Gross profit margin | 45.62% | 43.60% | 45.32% | 45.42% | 45.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,997,820K ÷ $10,955,600K
= 45.62%
The gross profit margin of Hershey Company has shown some fluctuations over the past five years, ranging from 43.18% in 2022 to 45.42% in 2020. In 2021, the gross profit margin slightly decreased to 45.13%. However, there was a further decline in 2022 to 43.18%, before increasing to 44.76% in 2023.
Overall, Hershey Company has maintained a relatively stable gross profit margin within the mid-40% range, indicating that the company is effectively managing its production costs and generating a healthy level of gross profit from its sales. The slight fluctuations in the gross profit margin over the years may be attributed to various factors such as changes in input costs, pricing strategies, or sales volumes. Further analysis of the company's operating expenses and revenue trends can provide additional insights into the factors impacting its gross profit margin.
Peer comparison
Dec 31, 2023