The Hershey (HSY) 10-K Summary — Year Ended Dec 31, 2024
The Hershey Company filed its annual report for the most recent fiscal year. The filing describes the company's business, risk factors, and financial condition.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
The Hershey Company filed its annual report for the most recent fiscal year. The filing describes the company's business, risk factors, and financial condition.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$11.2B
Revenue reported for the fiscal year.
Operating income
$2.9B
Income from operations reported for the year.
Net income
$2.2B
Net income reported for the year.
Operating cash flow
$2.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $9B | n/a |
| Dec 31, 2022 | $10.4B | +16.1% |
| Dec 31, 2023 | $11.2B | +7.2% |
| Dec 31, 2024 | $11.2B | +0.3% |
Business overview
The Hershey Company operates as a confectionery and snack food manufacturer. Its business includes the production and sale of chocolate, sweets, and other snack products under well-known brands. The company distributes its products through various retail channels in the United States and internationally.
Financial performance
Revenue remained stable compared to the prior year, while operating income and net income were reported at levels consistent with the company's scale. Operating cash flow was also reported, reflecting the company's cash generation from operations.
Material risks
The filing identifies risks related to commodity price fluctuations, supply chain disruptions, and changes in consumer preferences. It also notes potential impacts from regulatory changes and competitive pressures in the confectionery market.
Liquidity and capital
The company discusses its liquidity and capital resources, indicating that it manages cash flows to support operations and investments. No specific capital allocation themes beyond routine business needs are highlighted.
What to watch
Monitor any changes in revenue trends or operating margins in the next filing.