Friday, November 4, 2011

Hershey's Fiscal Period


1) Hershey's is the largest chocolate manufacturer in North America. I chose to research Hershey's because it is one of the most succesful companies in the country and I enjoy thinking about chocolate, of course! Hershey's has been extremely successful since it's founding in 1894 and has continued to sustain it's business even during recent times of economic struggle.


3) Hershey's fiscal period is from January 1 to December 31. The company files their financial statements on February 18.

4) It seems that Hershey's chose to have their fiscal period built around their highest times of sales; the holidays. Hershey's sales increase during Thanksgiving, Christmastime, and Valentines day. Putting the end of the fiscal period a little after the end of the holidays gives the company suficient time to produce its end of the year statements.
 

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