Hershey Company Earnings: The Sweet, The Sour, And Why The Stock Went Up

Feb. 09, 2024 11:27 AM ETThe Hershey Company (HSY) StockHSY11 Comments
Luca Socci
4.76K Followers

Summary

  • Hershey's stock surged 7% after reporting its Q4 and FY2023 results, trading above $200.
  • However, Hershey's report was rather mixed and its 2024 guidance was weak.
  • In this article, I will go over Hershey's earnings report, explaining why I think the stock is a buy.
Candy bars

memoriesarecaptured

Introduction

The Hershey Company (NYSE:HSY) has long been an investor favorite among consumer defensive stocks. However, a mix of concerns linked to weight loss drugs, rising cocoa prices and fears consumers would choose to trade down from well-established marks to private labels

This article was written by

4.76K Followers
I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low valuation. As a result, I give utmost importance to margins, free cash flow stability and growth, and returns on invested capital. I research stocks within my areas of competence and whenever I find a high-quality company, I usually never get bored in researching it more and more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of HSY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About HSY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on HSY

Related Stocks

SymbolLast Price% Chg
HSY
--