The Hershey (HSY) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the quarter, driven by consumer momentum. The growth was substantial compared to both the prior quarter and the same period last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the quarter, driven by consumer momentum. The growth was substantial compared to both the prior quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+22.4%
Change from the immediately preceding quarter.
Year-over-year
+8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.4B
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 2, 2023 | $2.5B | +5.0% |
| Oct 1, 2023 | $3B | +11.1% |
| Dec 31, 2023 | $2.7B | +0.2% |
| Mar 31, 2024 | $3.3B | +8.9% |
Revenue performance
Net sales rose sharply from the previous quarter, reflecting continued demand.
Quarterly comparison
Compared to the year-ago quarter, revenue was also higher, supported by consumer spending trends.
What to watch
Monitor consumer spending moderation expectations for the remainder of the year.