The Sweet Comeback of the Year
Contrary to all fears, loyal consumers have accepted the inflation-related price increases, allowing Hershey to successfully offset high raw material costs and stabilize its margins.
Reading Time: 2 minutes
At the stock exchange, courage is often rewarded, and few examples have illustrated this as clearly as The Hershey Company (NYSE: HSY) has in the past twelve months. While analysts were still singing the swan song for the candy industry not too long ago, driven by surging cocoa prices and fears of the effects of new weight-loss medications, the stock has staged an impressive rally and proved the doubters wrong. A look at the chart reveals: Hershey has returned to its former strength and has transformed from a troubled child back into a favorite...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
