The Hershey Co

HSY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$877.00	Cjqs	Wmfyklktf

Hershey Earnings: Sales Soar as Price Hikes Fail to Deter Consumers’ Hunger for Snacks; Shares Rich

Erin Lash

Apr 27, 2023

Wide-moat Hershey’s mix of leading confectionery and salty snack fare continues to win with consumers, as evidenced by its 12% increase in first-quarter organic sales (a 9% benefit from price and around 3% volume growth). This mark is even more impressive when juxtaposed with the 11.5% gains posted a year ago.

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