Today, we’re looking at one of the world’s most beloved chocolatiers…
Longtime readers are familiar with what we call “Global Elite” businesses. These are some of the best companies in the world – ones with powerful brands and fortress-like balance sheets that give them a leg up on the competition. Today, we’re revisiting one of our favorites…
Hershey (HSY) is one of the world’s largest chocolate and snack makers. From its flagship chocolate Kisses to its Reese’s Peanut Butter Cups, its brands have lined the shelves of grocery stores and kitchen pantries alike. For more than 125 years – through good times and bad – folks have enjoyed Hershey’s candies and snacks. And that loyalty continues today… In the most recent quarter, Hershey’s sales jumped 6.3% year over year to nearly $2.4 billion. And the company has grown sales every year since 2015.
As you can see, HSY shares are up roughly 90% over the past five years. They also recently hit a fresh all-time high. And as Hershey continues to rule the world of candies and snacks, we can expect shares to keep climbing…
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Source: Daily Wealth’s Market Notes