The Hershey Co
HSY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $932.00 | Mlrz | Zbjdkzzpk |
Inflation Pressures Rage, but Hershey's Competitive Prowess Should Enable It to Weather the Storm
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Business Strategy and Outlook
Even in the face of competitive and macroecomic headwinds, wide-moat Hershey's dominance in U.S. confectionery is undeniable (46% share of the chocolate aisle versus just 1% for private label, as cited by the firm, according to IRI). But more so, we applaud the strategic focus CEO Michele Buck has brought to helm--ramping up investments in its core domestic brands while pulling back international (high-single-digit percentage of total sales) spend.