2024-03-19 09:08:09 ET
Summary
- The Hershey Company continues to be a global leader in the chocolate and confectionery industry, with a strong presence in the USA and a growing influence overseas.
- Despite facing tough competition and diverse customer preferences, Hershey's has successfully driven growth and made strategic acquisitions.
- However, Hershey is priced for growth it can't deliver. For its current valuation to be justified, the company would have to achieve a significantly higher growth rate of around 8%.
Introduction
The Hershey Company ( HSY ), founded in 1894, has become an undisputed giant in the global chocolate and confectionery arena. Creating a sweet legacy that includes iconic treats like chocolate bars and Kisses, Hershey's has not just delighted American palates but has also achieved an impressive international presence. Just in the USA, roughly each fifth confectionery product sold is manufactured by Hershey's....
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Hershey: Priced For Growth It Can't Deliver