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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.02B | 51.6% |
| Gross Profit | 1.23B | 47.9% |
| Cost of Revenue | 2.47B | 33.9% |
| Operating expense | 712M | 18.4% |
| Net Income | 446M | 146.7% |
| EBITDA | 587M | 88.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 12.6B | 1.7% |
| Total Liabilities | 8.42B | 0.1% |
| Total Equity | 4.2B | 4.9% |
| Shares Outstanding | 55M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 695M | 113.5% |
| Cash from investing | -160M | 1.6% |
| Cash from financing | -394M | 70.4% |
EPS
Financial Highlights for The Hershey Company in Q3 '24
The Hershey Company reported a revenue of 3.02B, which is a 51.6% 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 1.23B, marking a 47.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.47B, a 33.9% 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 712M, showing a 18.4% 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 446M, showing a 146.7% 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 587M, showing a 88.2% 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. Higher operating expenses might indicate increased investments or potential inefficiencies.
