Stock Analysis on Net
Stock Analysis on Net

Hershey Co. (NYSE:HSY)

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Common-Size Income Statement 

Hershey Co., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -56.82 -54.87 -54.58 -54.64 -54.11
Gross profit 43.18% 45.13% 45.42% 45.36% 45.89%
Selling, marketing and administrative expense -21.46 -22.31 -23.20 -23.87 -24.06
Long-lived asset impairment charges 0.00 0.00 -0.11 -1.41 -0.74
Business realignment costs -0.02 -0.04 -0.23 -0.10 -0.25
Operating profit 21.70% 22.78% 21.87% 19.98% 20.84%
Interest expense -1.34 -1.45 -1.88 -1.90 -1.88
Interest income 0.02 0.03 0.05 0.10 0.10
Interest expense, net -1.32% -1.42% -1.83% -1.80% -1.78%
Write-down of equity investments in partnerships qualifying for historic and renewable energy tax credits -1.81 -1.27 -1.54 -0.63 -0.65
Non-service cost components of net periodic benefit cost relating to pension and other post-retirement benefit plans -0.18 -0.06 -0.15 -0.26 -0.27
Other income (expense), net 0.01 0.00 0.00 0.00 -0.05
Other income (expense), net -1.98% -1.33% -1.70% -0.89% -0.96%
Income before income taxes 18.40% 20.03% 18.34% 17.29% 18.10%
Provision for income taxes -2.61 -3.50 -2.69 -2.93 -3.07
Net income including noncontrolling interest 15.79% 16.53% 15.65% 14.36% 15.03%
Net (gain) loss attributable to noncontrolling interest 0.00 -0.06 0.04 0.04 0.08
Net income attributable to The Hershey Company 15.79% 16.47% 15.69% 14.40% 15.11%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Hershey Co. operating profit as a percentage of net sales increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Hershey Co. income before income taxes as a percentage of net sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net income attributable to The Hershey Company The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Hershey Co. net income attributable to The Hershey Company as a percentage of net sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.