Hershey Co (HSY)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,152,134 | 4,770,654 | 4,898,184 | 5,150,140 | 5,051,530 | 5,019,480 | 4,767,730 | 4,635,629 | 4,498,789 | 4,366,849 | 4,319,689 | 4,245,135 | 4,048,605 | 3,997,806 | 4,016,486 | 3,883,593 | 3,701,265 | 3,651,106 | 3,514,404 | 3,596,596 |
| Revenue (ttm) | US$ in thousands | 11,202,260 | 10,971,830 | 11,014,330 | 11,430,130 | 11,164,990 | 11,160,220 | 10,858,380 | 10,740,680 | 10,419,290 | 10,093,080 | 9,724,770 | 9,341,610 | 8,971,340 | 8,830,450 | 8,690,440 | 8,408,350 | 8,149,720 | 8,032,600 | 7,947,190 | 8,007,080 |
| Gross profit margin | 45.99% | 43.48% | 44.47% | 45.06% | 45.24% | 44.98% | 43.91% | 43.16% | 43.18% | 43.27% | 44.42% | 45.44% | 45.13% | 45.27% | 46.22% | 46.19% | 45.42% | 45.45% | 44.22% | 44.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,152,134K ÷ $11,202,260K
= 45.99%
Based on the provided data, Hershey Co's gross profit margin has shown fluctuations over the years from March 31, 2020, to December 31, 2024. The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold, reflecting the company's ability to generate profit from its core business operations.
The gross profit margin started at 44.92% on March 31, 2020, and fluctuated within a range over the years, reaching a peak of 46.22% on June 30, 2021. However, it experienced a slight decline in the following quarters. Despite some fluctuations, the gross profit margin generally remained within the mid-40% range, indicating a healthy level of profitability for Hershey Co.
Notably, there were some periods of decline, such as in the second half of 2022, where the gross profit margin declined to 43.18% on December 31, 2022. However, the company was able to recover and improve its gross profit margin to 45.99% by December 31, 2024.
Overall, the trend in Hershey Co's gross profit margin suggests that the company has been able to effectively manage its production costs and pricing strategies to maintain a relatively stable level of profitability over the years, with occasional fluctuations reflecting changes in market conditions and operational efficiency.
Peer comparison
Dec 31, 2024