Hershey Co (HSY)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,997,810 | 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 | 3,622,478 | 3,654,918 | 3,575,093 | 3,493,769 |
| Revenue (ttm) | US$ in thousands | 11,004,030 | 11,070,300 | 10,743,680 | 10,623,500 | 10,318,580 | 10,004,590 | 9,690,530 | 9,341,870 | 8,933,450 | 8,799,400 | 8,656,350 | 8,386,670 | 8,149,720 | 8,032,600 | 7,947,190 | 8,007,080 | 7,986,250 | 7,906,030 | 7,851,200 | 7,835,600 |
| Gross profit margin | 45.42% | 45.34% | 44.38% | 43.64% | 43.60% | 43.65% | 44.58% | 45.44% | 45.32% | 45.43% | 46.40% | 46.31% | 45.42% | 45.45% | 44.22% | 44.92% | 45.36% | 46.23% | 45.54% | 44.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,997,810K ÷ $11,004,030K
= 45.42%
The gross profit margin of Hershey Company has shown some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin decreased slightly to 44.76% from 44.98% in the previous quarter, Q3 2023. This trend continued from the peak gross profit margin of 45.44% in Q1 2022. Despite the fluctuations, the gross profit margin has generally been above 43%, indicating the company's ability to efficiently generate profit from its sales after accounting for the cost of goods sold. Further analysis of cost management and pricing strategies may be required to fully understand the factors influencing these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2023