The Hershey (HSY) Revenue — Quarter Ended Jun 30, 2024
Revenue declined sharply in the current quarter. The decrease was driven by challenging comparisons and shifting consumer behavior, as noted in the company's filing.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined sharply in the current quarter. The decrease was driven by challenging comparisons and shifting consumer behavior, as noted in the company's filing.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
-36.2%
Change from the immediately preceding quarter.
Year-over-year
-16.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$11B
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 1, 2023 | $3B | +11.1% |
| Dec 31, 2023 | $2.7B | +0.2% |
| Mar 31, 2024 | $3.3B | +8.9% |
| Jun 30, 2024 | $2.1B | -16.7% |
Revenue performance
Reported revenue fell compared to both the prior quarter and the same quarter a year ago. The sequential drop was substantial, and the year-over-year decline was also significant.
Quarterly comparison
Relative to the immediately preceding quarter, revenue contracted sharply. Versus the same period one year earlier, revenue also decreased materially.
What to watch
Monitor whether cost fatigue and shifts in consumer purchasing patterns continue to weigh on revenue in upcoming quarters.