• Hershey average pre-tax profit margin for 2023 was 19.16%, a 1.94% decline from 2022.
• Hershey average pre-tax profit margin for 2022 was 19.54%, a 1.86% decline from 2021.
• Hershey average pre-tax profit margin for 2021 was 19.91%, a 15.29% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.