Hershey Co.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.69B | $11.20B | $11.17B | $10.42B | $8.97B | $8.15B | $7.99B | $7.79B |
| North America | — | — | — | — | — | — | $7.08B | $6.90B |
| North America Confectionery | $9.48B | $9.12B | $9.12B | $8.54B | $7.68B | $7.09B | — | — |
| North America Salty Snacks | $1.27B | $1.14B | $1.09B | $1.03B | $555.0M | $438.0M | — | — |
| International | $942.0M | $948.0M | $949.0M | $853.0M | $733.0M | $627.0M | $904.0M | $889.0M |
| Cost of Revenue | $7.77B | $5.90B | $6.17B | $5.92B | $4.92B | $4.45B | $4.36B | $4.22B |
| Gross Profit | $3.92B | $5.30B | $5.00B | $4.50B | $4.05B | $3.70B | $3.62B | $3.58B |
| Gross Margin | 33.5% | 47.3% | 44.8% | 43.2% | 45.1% | 45.4% | 45.4% | 45.9% |
| Operating Expenses | ||||||||
| Research & Development | $61.7M | $55.8M | $50.0M | $46.9M | $40.1M | $37.6M | $37.1M | $38.5M |
| SG&A Expense | $2.46B | $2.37B | $2.44B | $2.24B | $2.00B | $1.89B | $1.91B | $1.87B |
| Operating Income | $1.44B | $2.90B | $2.56B | $2.26B | $2.04B | $1.78B | $1.60B | $1.62B |
| Operating Margin | 12.3% | 25.9% | 22.9% | 21.7% | 22.8% | 21.9% | 20.0% | 20.8% |
| Interest Expense | $224.8M | $174.3M | $161.5M | $140.1M | $129.8M | $153.5M | $152.1M | $146.9M |
| Pretax Income | $1.21B | $2.47B | $2.17B | $1.92B | $1.80B | $1.49B | $1.38B | $1.41B |
| Income Tax Expense | $330.9M | $252.7M | $310.1M | $272.3M | $314.4M | $219.6M | $234.0M | $239.0M |
| Net Income | $883.3M | $2.22B | $1.86B | $1.64B | $1.48B | $1.28B | $1.15B | $1.18B |
| Net Margin | 7.6% | 19.8% | 16.7% | 15.8% | 16.5% | 15.7% | 14.4% | 15.1% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 202.8M | 202.4M | 204.4M | 205.0M | 206.1M | 208.2M | 208.8M | 209.7M |
| Shares Outstanding (Diluted) | 202.8M | 202.4M | 204.4M | 205.0M | 206.1M | 208.2M | 208.8M | 209.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |