Hershey, a leading chocolate manufacturing company in the world had revenue of $2,373 million in Q2 2022, a decline of 11% as compared to $2,666.2 million in revenue in Q1 2022. Hershey’s is synonymous with milk chocolate wrapped in golden and silver wrappers (Hershey’s Kisses), and Hershey also owns the most iconic chocolate, Reese’s candy.
After the completion of the Dot’s and Pretzels acquisitions in Q4 2021, Hershey began reporting its operations through three reportable segments: North America confectionery ($1,909.1 million in Q2 2022), North America salty snacks ($256.3 million in Q2 2022), and International ($207.2 million in Q2 2022). The company generates revenues from more than 90 brands.
Hershey’s revenues are impacted by factors like effective retail execution, proper marketing, and advertising activities, the ability to obtain enough shelf space at retail locations, and changes in consumer preferences.
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