3.41B 32.9%
Total Revenue QoQ (USD) - Q1 '24

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Income Statement (USD)

Q1 '24 QoQ
Revenue 3.41B 32.9%
Gross Profit 1.68B 49.2%
Cost of Revenue 2.26B 2.4%
Operating expense 688M 17.7%
Net Income 797M 128.5%
EBITDA 1.05B 168.1%

Balance Sheet (USD)

Q1 '24 QoQ
Total Assets 12.4B 4.1%
Total Liabilities 8.28B 6.1%
Total Equity 4.11B 0.2%
Shares Outstanding 55M 73.3%

Cash Flow (USD)

Q1 '24 QoQ
Cash from operations 569M 24.9%
Cash from investing -228M 50.9%
Cash from financing -222M 39.1%



Financial Highlights for The Hershey Company in Q1 '24

The Hershey Company reported a revenue of 3.41B, which is a 32.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 1.68B, marking a 49.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 2.26B, a -2.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 688M, showing a -17.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 797M, showing a 128.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 1.05B, showing a 168.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

It was a positive quarter for The Hershey Company with growth in revenue, gross profit, and net income.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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