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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Net sales $ 1,989,422 $ 1,707,329 $ 4,285,370 $ 3,744,646
Cost of sales 1,063,977 914,777 2,310,974 2,085,472
Gross profit 925,445 792,552 1,974,396 1,659,174
Selling, marketing and administrative expense 467,629 408,949 962,294 884,333
Long-lived asset impairment charges 0 1,600 0 9,143
Business realignment costs (benefits) 1,141 (1,370) 2,383 (475)
Operating profit 456,675 383,373 1,009,719 766,173
Interest expense, net 31,065 38,079 67,501 74,334
Other (income) expense, net 7,194 11,217 9,608 22,750
Income before income taxes 418,416 334,077 932,610 669,089
Provision for income taxes 117,186 66,035 234,509 132,264
Net income including noncontrolling interest 301,230 268,042 698,101 536,825
Net gain (loss) attributable to noncontrolling interests 0 (859) 1,072 (3,213)
Net income attributable to The Hershey Company $ 301,230 $ 268,901 $ 697,029 $ 540,038
Common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) $ 1.50 $ 1.33 $ 3.46 $ 2.66
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.45 1.29 3.35 2.58
Dividends paid per share:        
Dividends paid per share (USD per share) 0.804 0.773 1.608 1.546
Class B common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) 1.36 1.21 3.14 2.41
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.36 1.20 3.13 2.41
Dividends paid per share:        
Dividends paid per share (USD per share) $ 0.731 $ 0.702 $ 1.462 $ 1.404