The Hershey Company: Sugar Crash
Magic Markets2023-11-01T23:21:12+02:00With many people still recovering from the sugar hangover that is Halloween, we felt it was a good time to cover consumer brands business Hershey. Although there’s a strong attempt underway to grow the healthier product lines, Hershey is known as a confectionary company. There’s been nothing sweet about the performance this year, with the market talking about the “Ozempic Era” and the popularity of weight-loss drugs. The worry is whether the cravings will go away. For investors, the risk is that profits go away with those cravings. But is the market simply focusing on the wrong thing entirely?