Morningstar

Morningstar, Inc.

Equity Bottom-Up

Even though it faces competitive and macro pressures, we believe Hershey is prudently investing to enhance its long-term competitive edge. Hershey’s dominance in the U.S. confectionery space is undeniable; the firm holds about a 45% share of the chocolate aisle, versus just a 1% share for private label. But more so, we applaud the strategic focus CEO Michele Buck has brought to bear since taking the helm two years ago--ramping up investments behind its core domestic brands while pulling back…

By all accounts, Hershey started 2019 on a sweet note, chalking up 1.9% organic sales growth (a 1.7% benefit from higher volumes and 20 basis points from increased prices, on top of a 1% uptick in the year-ago period), 80 basis points of adjusted gross margin improvement to 45.7%, and 160 basis points of expansion at the adjusted operating margin line to 23.3%. While we anticipate that its underlying sales trajectory will remain a focal point over the next several quarters (given the languishing…

<p>Even though it faces competitive and macro pressures, we believe Hershey is prudently investing to enhance its long-term competitive edge. Hershey’s dominance in the U.S. confectionery space is undeniable; the firm holds about a 45% share of the chocolate aisle, versus just a 1% share for private label. But more so, we applaud the strategic focus CEO Michele Buck has brought to bear since taking the helm two years ago--ramping up investments behind its core domestic brands while pulling back…</p>

United States

The Hershey Company manufactures chocolate and sugar confectionery products. The Company's principal products include chocolate and sugar confectionery products; gum and mint refreshment products; and pantry items, such as baking ingredients, toppings and beverages.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00