Hershey: Q4 And Full-Year Results Highlight Solid Growth Despite A Tough Macro Environment

Scott Olson Investment Thesis Hershey (NYSE:HSY) had what can only be considered to be a solid 2023 with great topline and bottom-line growth, illustrating the pricing power generated by the firm’s iconic selection of branded products. The coming fiscal year presents the firm with some real challenges compared to 2023, with higher cocoa prices, potential for an economic slowdown and increasingly stressed consumer pocketbooks, creating a difficult environment for Hershey to manage in 2024. Current valuat ...