US Packaged Foods and Meats are heavily produced in California and Illinois and Texas also have a some production to a lesser extent.  Hersey is based in Pennsylvania is based.  

Packaged Foods has the second highest Total revenue behind Internet Software. Packaged Foods has a positive median operating margin and net margin. 

Packaged Foods has the third highest Sales cost to Total revenue behind Internet Software soft drinks. Along with the third highest median labor productivity and inventory turnover. Packaged Foods has the second highest Payable/receivable days. 

For total revenue growth rate Packaged good is the only industry that is doing well by a large margin.  

Packaged good has a significantly larger Total Revenue than second place Soft Drinks and Agricultural products. However Packaged Foods is third behind Distillers and Brewers on median Operating Margin. 

Packaged Food is the only company has that a significant positive total growth percentage.  

Packaged good has the fourth largest median labor productivity and second highest median inventory turnover. Compared to Industries like Brewing, Ag Products and Tobacco. 

While most industries like breweries and Soft Drinks have significantly shrunk the Packaged food Industry has remained stable with a increase in net growth in 2019 but declined to prior levels in 2020. 

In comparison to China the US packaged Foods industry has grown significantly less even declining and has a much smaller operating income growth rate. 

Profitability for the Packaged food Industry has remained stable in comparison to industries like Ag products Tobacco which has shown significant decreases in Operating margin and net margin. 

The US Packaged Food Industry took a steep decline in 2016 in all Profitability metrics and has continued to decline. this is in contrast to the Packaged Foods industry in China which as been on the rise since 2016. 

US Distilleries have much higher inventory days and longer cash conversion cycles compared to the Soft Drink, Packaged Foods and Tobacco industry. Packaged Foods has remained stable and low with positive return on assets. 

US has lower inventory days and longer cash cycle than China, but a much higher asset turnover and return on asset than China. 

The US Packaged Foods & Meat Industry is dominated by well-known and established names such as Tyson, Kraft, and Kellogg. Smaller companies like Beyond meat don't break the top 10 

Tyson, Kraft, and Kellogg have a much higher operating income than most of the packaged food industry. They are much larger and much more established. newer companies would have a hard time gaining market share. 

The US is more concentrated Packed Food & Meat industry compared to China. This means there may be more opportunity for new companies to enter the market in China.

Tyson Foods is the dominant force in the Packaged Foods industry. It is more than four times larger than the Hersey Company. 

The Hershey Company has the highest Operating margin over 20% 

The Hershey Company has the highest Operating margin over 14%  which is significantly larger than second place Hormel. 

Hershey's net income, profit before tax and Operating income are very good for it's size and better than larger companies like Kellogg. 

Hershey has the largest margins

All revenues are stable aside from Kraft which is much higher and more volatile 

Hershey has the highest gross margin and most margins are flat over the years except for Kraft's net margin and Return on Assets which has taken a significant drop. 

Hershey has highest inventory days as of 2019 and close to zero Cash conversion cycle. Kraft has the highest labor productivity and has seen a steep decline in their payable/receivable days. 

US Packaged foods has a much smaller percentage of COGS but also a much smaller Total Revenue compared to Food Retailers. This is due to the amount of retailers in the US. 

Even though packaged Foods margins have decreased over the years they are still much better than those of the Food retailers. 

Hershey's liability asset ratio lead to very high operating margins compared to their competitors. 

Hershey has higher liability asset but also a high return on assets.  

Hershey's COGS ~ is below the industry average, but they have higher SG&A expenses. Hershey also has smaller NeT income compared to their competitors. 

Hershey's Stockholder equity is about half of the industry average. But their non current liabilities and current liabilities are higher than industry average. 

Hershey has a lot of investment in plant and equipment and have the most cash out of all of their competitors.