The Hershey (HSY) Revenue — Quarter Ended Jul 2, 2023
Revenue for the quarter declined compared to the prior quarter, but rose compared to the same period last year. The company's filing noted slowing inflation and positive consumer demand, while also citing macroeconomic headwinds.
Key takeaway
Quarter ended Jul 2, 2023 · FY2023 Q2
Revenue for the quarter declined compared to the prior quarter, but rose compared to the same period last year. The company's filing noted slowing inflation and positive consumer demand, while also citing macroeconomic headwinds.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-16.6%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.9B
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 |
|---|---|---|
| Oct 2, 2022 | $2.7B | +15.6% |
| Dec 31, 2022 | $2.7B | +14.0% |
| Apr 2, 2023 | $3B | +12.1% |
| Jul 2, 2023 | $2.5B | +5.0% |
Revenue performance
Revenue decreased from the immediately preceding quarter, reflecting a sequential downturn. Compared with the same quarter one year earlier, revenue increased, showing year-over-year growth.
Quarterly comparison
The sequential decline followed a period of steady growth in earlier quarters. The year-over-year increase continued a trend of positive annual comparisons.
What to watch
Monitor the impact of macroeconomic conditions on consumer behavior, as noted in the company's risk discussion.