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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Oct. 03, 2021
Sep. 27, 2020
Net sales $ 2,359,839 $ 2,219,829 $ 6,645,209 $ 5,964,475
Cost of sales 1,298,504 1,139,805 3,609,478 3,225,277
Gross profit 1,061,335 1,080,024 3,035,731 2,739,198
Selling, marketing and administrative expense 486,139 468,614 1,448,433 1,352,947
Long-lived asset impairment charges 0 0 0 9,143
Business realignment costs (benefits) 365 0 2,748 (475)
Operating profit 574,831 611,410 1,584,550 1,377,583
Interest expense, net 30,154 37,258 97,655 111,592
Other (income) expense, net 23,004 11,644 32,612 34,394
Income before income taxes 521,673 562,508 1,454,283 1,231,597
Provision for income taxes 76,746 115,250 311,255 247,514
Net income including noncontrolling interest 444,927 447,258 1,143,028 984,083
Less: Net (loss) gain attributable to noncontrolling interest 0 (25) 1,072 (3,238)
Net income attributable to The Hershey Company $ 444,927 $ 447,283 $ 1,141,956 $ 987,321
Common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) $ 2.22 $ 2.21 $ 5.67 $ 4.87
Net income per share—diluted:        
Net income per share - diluted (USD per share) 2.14 2.14 5.49 4.71
Dividends paid per share:        
Dividends paid per share (USD per share) 0.901 0.804 2.509 2.350
Class B common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) 2.01 2.00 5.16 4.42
Net income per share—diluted:        
Net income per share - diluted (USD per share) 2.01 2.00 5.14 4.40
Dividends paid per share:        
Dividends paid per share (USD per share) $ 0.819 $ 0.731 $ 2.281 $ 2.135