Despite Souring on Its Long-Term Sales Outlook, Wide-Moat Hershey Lays Out Plans to Sweeten Profits
Upon assuming the helm, CEO Michelle Buck wasted little time laying out the strategic path that wide-moat Hershey will now embark on, including a re-emphasis on the core domestic confection business as opposed to its floundering international operations, as detailed at its investor event held in New York City on March 1. While we don’t view this as a seismic shift in strategic direction, we expect Buck (who has garnered experience in her 11 years at the firm and 25 in the consumer products space...Hershey is engaged in the production of chocolate and non-chocolate confectionery. The company's segments are: North America, which is responsible for the company's chocolate and non-chocolate confectionery market position, and its grocery and snacks market positions, in the United States and Canada; and International and Other, in which the company has operations and manufactures product in China, Mexico, Brazil, India and Malaysia, and also distributes and sells confectionery products in export markets of Asia, Latin America, Middle East, Europe, Africa and other regions. The company's product offerings include chocolate and non-chocolate confectionery products, gum and mint refreshment products, snack and pantry items.
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