HSY FY 2024 Earnings Report — The Hershey Company Revenue & Financial Results | Market Cap Arena

The Hershey CompanyHSY

FY 2024 Earnings

Reported February 18, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$11.2B	—	$11.2B	—	0.3%
Op. Income	$2.9B	—	$2.6B	—	13.2%
Gross Margin	47.3%	—	44.8%	—	2.6pp
Net Margin	19.8%	—	16.7%	—	3.2pp
EPS (Diluted)	$10.94	—	$9.06	—	20.8%
Free Cash Flow	$1.9B	—	$1.6B	—	24.1%

Revenue Flow

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$5.9B
GROSS PROFIT	$5.3B
R&D Expenses	$0
Selling & Marketing	$600M
General & Administrative	$1.7B
SG&A Expenses	$2.3B
Other Expenses	$140M
Operating Expenses	$2.4B
Cost & Expenses	$8.3B
OPERATING INCOME	$2.9B
Interest Income	$9M
Interest Expense	$174M
Other Income/Expenses	-$424M
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$253M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.2B
D&A	$455M
EBIT	$2.6B
EBITDA	$3.1B
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$5.9B
GROSS PROFIT	$5.3B
R&D Expenses	$0
Selling & Marketing	$600M
General & Administrative	$1.7B
SG&A Expenses	$2.3B
Other Expenses	$140M
Operating Expenses	$2.4B
Cost & Expenses	$8.3B
OPERATING INCOME	$2.9B
Interest Income	$9M
Interest Expense	$174M
Other Income/Expenses	-$424M
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$253M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.2B
D&A	$455M
EBIT	$2.6B
EBITDA	$3.1B
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$2.2B
Depreciation & Amortization	$455M
Stock-Based Compensation	$44M
Deferred Income Tax	$73M
Other Non-Cash Items	-$209M
Change in Working Capital	-$53M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$606M
Acquisitions (Net)	-$361M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$960M
Net Debt Issuance	$301M
Common Stock Repurchased	-$494M
Common Dividends Paid	-$1.1B
Other Financing Activities	-$18M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.9B
Net Change in Cash	$329M

Balance Sheet

Item	Amount
Cash & Equivalents	$731M
Short-Term Investments	$0
Net Receivables	$800M
Inventory	$1.3B
Other Current Assets	$704M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$3.8B
Goodwill	$2.7B
Intangible Assets	$2.2B
Long-Term Investments	$213M
Tax Assets	$37M
Other Non-Current Assets	$194M
TOTAL NON-CURRENT ASSETS	$9.2B
TOTAL ASSETS	$12.9B
Account Payables	$808M
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$424M
Other Non-Current Liabilities	$383M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$8.2B
Common Stock	$222M
Additional Paid-In Capital	$1.4B
Retained Earnings	$5.7B
Treasury Stock	-$2.3B
Accum. Other Comp. Income	-$304M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$0
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$5.4B
Net Debt	$4.7B