Hershey Co (HSY)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,300,890 | 4,998,340 | 4,498,780 | 4,048,600 | 3,701,270 |
| Revenue | US$ in thousands | 11,202,300 | 11,165,000 | 10,419,300 | 8,971,340 | 8,149,720 |
| Gross profit margin | 47.32% | 44.77% | 43.18% | 45.13% | 45.42% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,300,890K ÷ $11,202,300K
= 47.32%
Based on the provided data, Hershey Co's gross profit margin has shown some fluctuations over the past five years. In 2020, the gross profit margin was 45.42%, which decreased marginally to 45.13% in 2021. However, there was a more significant drop in 2022, where the gross profit margin decreased to 43.18%. The company managed to improve its gross profit margin in 2023 to 44.77% before experiencing a notable increase to 47.32% in 2024.
These fluctuations in the gross profit margin indicate varying levels of efficiency in controlling production costs and generating revenue from sales. It is important to further investigate the factors contributing to these changes to determine their impact on Hershey Co's overall financial performance and profitability.
Peer comparison
Dec 31, 2024