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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 11,164,992 $ 10,419,294 $ 8,971,337
Cost of sales 6,167,176 5,920,509 4,922,739
Gross profit 4,997,816 4,498,785 4,048,598 Close
Selling, marketing and administrative expense 2,436,508 2,236,009 2,001,351 Close
Business realignment costs 441 1,989 3,525 CloseClose
Total Operating Expenses 2436949.0 2237998.0 2004876.0 0 0 Close
Operating profit 2,560,867 2,260,787 2,043,722 Close
Interest expense, net 151,785 137,557 127,417 Close
Total Other Income Expenses 389003.0 343716.0 246498.0 0 0 Close
Other (income) expense, net 237,218 206,159 119,081 CloseClose
Income before income taxes 2,171,864 1,917,071 1,797,224 Close
Provision for income taxes 310,077 272,254 314,405 Close
Net income including noncontrolling interest 1,861,787 1,644,817 1,482,819 Close
Less: Net gain attributable to noncontrolling interest 0 0 5,307
Net income attributable to The Hershey Company $ 1,861,787 $ 1,644,817 $ 1,477,512
Common stock      
Net income per share—basic:      
Net income per share - basic (USD per share) $ 9.31 $ 8.22 $ 7.34
Net income per share—diluted:      
Net income per share - diluted (USD per share) 9.06 7.96 7.11
Dividends paid per share:      
Dividends paid per share (USD per share) 4.456 3.874 3.410
Class B common stock      
Net income per share—basic:      
Net income per share - basic (USD per share) 8.52 7.47 6.68
Net income per share—diluted:      
Net income per share - diluted (USD per share) 8.50 7.45 6.66
Dividends paid per share:      
Dividends paid per share (USD per share) $ 4.050 $ 3.522 $ 3.100