Hershey (HSY) FY2024 results: revenue $11.2 billion, up 0.3% on the year
Hershey Co. (HSY) reported revenue of $11.2 billion for fiscal 2024, the year ended 31 December 2024, up 0.3% on the year before. Net income was $2.2 billion, up 19.3%, and diluted earnings per share $10.92. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$11.2 billion
+0.3% on the year
FY2017FY2024
Operating margin
25.9%
22.9% a year earlier
FY2017FY2024
Net income
$2.2 billion
+19.3% on the year
FY2017FY2024
Diluted EPS
$10.92
+20.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,532
2,323
2,328
+9.0%
Capital expenditure
606
771
519
-21.4%
Free cash flow
1,926
1,552
1,808
+24.1%
Free cash flow margin
17.2%
13.9%
17.4%
Cash from investing
-960
-1,199
-787
Cash from financing
-1,297
-1,148
-1,416
Depreciation and amortisation
455
420
379
+8.4%
Share-based compensation
44.4
81.0
66.0
-45.2%
Buybacks
494
265
389
+86.5%
Dividends paid
1,085
889
775
+22.0%
Diluted shares, weighted
203m
206m
207m
-1.0%
Shares outstanding at period end
202m
204m
205m
-1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,715
4,099
3,300
+15.0%
Debt
5,102
4,814
4,791
+6.0%
Operating lease liabilities
305
277
295
+10.0%
Finance lease liabilities
68.1
70.5
69.2
-3.3%
Other liabilities
2,757
2,642
2,494
+4.3%
Total liabilities and equity
12,947
11,903
10,949
+8.8%
Fixed assets
3,459
3,310
2,770
+4.5%
Goodwill
2,706
2,696
2,607
+0.4%
Intangible assets
1,874
1,879
1,966
-0.3%
Cash and equivalents
731
402
464
+81.8%
Receivables
800
824
711
-2.8%
Inventory
1,254
1,341
1,173
-6.5%
Other assets
2,123
1,451
1,258
+46.3%
Total assets
12,947
11,903
10,949
+8.8%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.