Filing Flows › Hershey (HSY) › Q1 2025
Hershey (HSY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Hershey (HSY) reported revenue of $2.8B for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before. Operating margin was 13.2%, net earnings $224M (8.0% of revenue).
Hershey, Q1 2025: revenue $2.8B (-14% year over year), operating margin 13.2%, net earnings $224M, operating cash flow $397M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -3% | -14% |
| Gross profit | $944M | -39% | -44% |
| Operating profit | $369M | -61% | -65% |
| Net earnings | $224M | -72% | -72% |
| Operating cash flow | $397M | -58% | -30% |
| Free cash flow | $251M | -69% | -29% |
What changed
Revenue was $2.8B in Q1 2025, down 14% year over year and down 3% from the previous quarter.
Gross margin was 33.7%, down 17.9 points from a year earlier. Operating profit was $0.37B, a 13.2% margin (down 19.4 points year over year). Operating expenses fell 7% while revenue fell 14%. Net earnings were $0.22B, down 72% year over year. The effective tax rate was 30.7%.
Operating cash flow was $0.40B (down 30% year over year), 177% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.15B left free cash flow of $0.25B.
Questions
What was Hershey's revenue in the first quarter 2025?
Hershey (HSY) reported revenue of $2.8B for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before.
Was Hershey profitable in the first quarter 2025?
Operating profit was $369M (13.2% of revenue) and net earnings $224M.
Source: Hershey 10-Q on SEC EDGAR.