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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Net sales $ 2,372,582 $ 1,989,422 $ 5,038,803 $ 4,285,370
Cost of sales 1,372,583 1,063,977 2,793,324 2,310,974
Gross profit 999,999 925,445 2,245,479 1,974,396
Selling, marketing and administrative expense 543,468 467,629 1,067,684 962,294
Business realignment costs 0 1,141 274 2,383
Operating profit 456,531 456,675 1,177,521 1,009,719
Interest expense, net 33,413 31,065 66,592 67,501
Other (income) expense, net 19,658 7,194 30,065 9,608
Income before income taxes 403,460 418,416 1,080,864 932,610
Provision for income taxes 87,904 117,186 231,830 234,509
Net income including noncontrolling interest 315,556 301,230 849,034 698,101
Less: Net gain attributable to noncontrolling interest 0 0 0 1,072
Net income attributable to The Hershey Company $ 315,556 $ 301,230 $ 849,034 $ 697,029
Common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) $ 1.57 $ 1.50 $ 4.24 $ 3.46
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.53 1.45 4.10 3.35
Dividends paid per share:        
Dividends paid per share (USD per share) 0.901 0.804 1.802 1.608
Class B common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) 1.44 1.36 3.85 3.14
Net income per share—diluted:        
Net income per share - diluted (USD per share) 1.44 1.36 3.84 3.13
Dividends paid per share:        
Dividends paid per share (USD per share) $ 0.819 $ 0.731 $ 1.638 $ 1.462