Report
Erin Lash
EUR 100.00 For Business Accounts Only

Wide-Moat Hershey Is Prudently Focused on Sweetening Its Core Brands to Drive Top-Line Acceleration

By all accounts, Hershey started 2019 on a sweet note, chalking up 1.9% organic sales growth (a 1.7% benefit from higher volumes and 20 basis points from increased prices, on top of a 1% uptick in the year-ago period), 80 basis points of adjusted gross margin improvement to 45.7%, and 160 basis points of expansion at the adjusted operating margin line to 23.3%. While we anticipate that its underlying sales trajectory will remain a focal point over the next several quarters (given the languishing...
Underlying
Hershey Company

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Erin Lash

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