The Hershey Co's gross profit for the
three
months ended in Dec. 2023 was $1,123 Mil. The Hershey Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $4,998 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. The Hershey Co's gross profit for the
three
months ended in Dec. 2023 was $1,123 Mil. The Hershey Co's Revenue for the
three
months ended in Dec. 2023 was $2,657 Mil. Therefore, The Hershey Co's Gross Margin % for the quarter that ended in Dec. 2023 was 42.27%.
The Hershey Co had a gross margin of 42.27% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of The Hershey Co was 45.98%. The lowest was 42.60%. And the median was 45.25%.
The Hershey Co Gross Profit Historical Data
The historical data trend for The Hershey Co's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Hershey Co's Gross Profit
For the Confectioners subindustry, The Hershey Co's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Hershey Co's Gross Profit Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where The Hershey Co's Gross Profit falls into.
The Hershey Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
The Hershey Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,998 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
The Hershey Co's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
The Hershey Co (NYSE:HSY) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
The Hershey Co had a gross margin of 42.27% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The Hershey Co Gross Profit Related Terms
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The Hershey Co (The Hershey Co) Business Description
Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.
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