The Hershey (HSY) Revenue — Quarter Ended Apr 2, 2023
Revenue increased compared to the immediately preceding quarter. Revenue also rose compared to the same quarter a year earlier.
Key takeaway
Quarter ended Apr 2, 2023 · FY2023 Q1
Revenue increased compared to the immediately preceding quarter. Revenue also rose compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+12.6%
Change from the immediately preceding quarter.
Year-over-year
+12.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 3, 2022 | $2.4B | +19.3% |
| Oct 2, 2022 | $2.7B | +15.6% |
| Dec 31, 2022 | $2.7B | +14.0% |
| Apr 2, 2023 | $3B | +12.1% |
Revenue performance
The revenue growth continued a pattern of sequential increases seen in recent quarters. The company's top-line performance reflected broad-based strength.
Quarterly comparison
Sequentially, revenue was higher than the prior quarter. On a year-over-year basis, revenue was also higher than the same period one year earlier.
What to watch
The company entered into a definitive agreement to acquire additional manufacturing capacity, a transaction expected to close in the upcoming quarter.