Nils-Gerrit Wunsch
Research expert covering foods trends in North America, Europe, and the global food system
Get in touch with us nowThe Hershey Company revenue 2006-2023
The global net sales of the Hershey Company amounted to about 11.17 billion U.S. dollars in 2023. Headquartered in Hershey, Pennsylvania, and founded by Milton Hershey in 1894, the company is one of the largest manufacturers of chocolate in North America. Hershey also manufactures baked product, including cookies and cakes, and milk shakes and drinks. The fiscal year end of the company is December 31st.
How does Hershey compare to other chocolate manufacturers?
One of Hershey’s biggest competitors Lindt & Sprüngli, a Swiss chocolate manufacturer founded in 1845. The company also owns brands such as Ghirardelli, Russel Stover, and Whitman’s. Lindt had total sales amounting to about 4.59 billion CHF worldwide. Nestlé generated sales of approximately 5.7 billion CHF from its chocolate segment. In the United States, the Hershey Company had a 43.8 and 38.2 percent share in the chocolate and mint markets, respectively. In 2020, the company spent a total of 517 million U.S. dollars on advertising worldwide, whereas Nestlé spent nearly 2.4 billion U.S. dollars that year on advertising in the United States.
