Hershey Co (HSY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,560,870 | 2,260,790 | 2,043,720 | 1,782,700 | 1,595,950 |
| Revenue | US$ in thousands | 10,955,600 | 10,318,600 | 8,933,440 | 8,149,720 | 7,986,250 |
| Operating profit margin | 23.37% | 21.91% | 22.88% | 21.87% | 19.98% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,560,870K ÷ $10,955,600K
= 23.37%
The operating profit margin of Hershey Company has shown a generally increasing trend over the past five years, ranging from 21.49% in 2019 to 22.94% in 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue. The company's ability to maintain and improve its operating profit margin suggests efficiency in controlling costs and generating profits from its core business operations. Overall, the consistent improvement in operating profit margin reflects Hershey Company's strong operational performance and financial health over the analyzed period.
Peer comparison
Dec 31, 2023