Hershey Co (HSY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,861,790 | 1,644,820 | 1,477,510 | 1,278,710 | 1,149,690 |
| Revenue | US$ in thousands | 10,955,600 | 10,318,600 | 8,933,440 | 8,149,720 | 7,986,250 |
| Net profit margin | 16.99% | 15.94% | 16.54% | 15.69% | 14.40% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,861,790K ÷ $10,955,600K
= 16.99%
The net profit margin of Hershey Company has shown a consistent upward trend over the past five years. In 2023, the net profit margin increased to 16.68%, marking a steady improvement from 15.79% in 2022, 16.47% in 2021, 15.69% in 2020, and 14.40% in 2019. This indicates that Hershey Company has been effectively managing its expenses and generating stronger profitability in relation to its revenue each year. The increasing trend in net profit margin reflects the company's ability to control costs, enhance operational efficiency, and drive bottom-line growth, thus showcasing a positive financial performance over the years.
Peer comparison
Dec 31, 2023