Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $8,150 | $8,971 | $10,419 | $11,165 | $11,202 |
| Gross Profit | $3,701 | $4,049 | $4,499 | $4,998 | $5,301 |
| Operating Income | $1,783 | $2,044 | $2,261 | $2,561 | $2,898 |
| Net Income | $1,279 | $1,478 | $1,645 | $1,862 | $2,221 |
Over the five-year period, Hershey Co’s income statement items have shown consistent growth, indicating steady financial performance. Revenue increased from approximately 8,150 million USD in 2020 to over 11,200 million USD in 2024, representing a cumulative growth nearing 38%. Similarly, gross profit rose from 3,701 million USD to 5,301 million USD during the same timeframe. Although annual growth rates for revenue and gross profit varied—with more moderate increases observed in 2023 and 2024—the overall upward trend across all the years underscores a resilient demand and effective pricing and cost management strategies. Operating income and net income followed similar growth trajectories. Operating income moved from 1,783 million USD in 2020 to almost 2,898 million USD in 2024, while net income increased from 1,279 million USD to 2,221 million USD. The year-over-year growth for these metrics generally ranged from roughly 10% to 19%, with no drastic swings exceeding 20% in any one year. These incremental improvements suggest that Hershey Co has maintained good control over its expenses relative to revenue growth, supporting enhanced profitability margins. In the context of the competitive confectionery and snack industry—where brand strength and operational efficiency are key drivers—the steady financial performance evidenced by these income statement figures reflects a stable and sustainable business model. Overall, Hershey Co appears to be on a sound financial footing, with consistent revenue and profit growth reinforcing its long-term viability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.