This Is Why Hershey's Sell-Off Is a Buying Opportunity for Growth Investors
Shares of The Hershey Company (NYSE: HSY) are in a deep downturn, off over 40% from their 2023 highs. The confection giant is in its own personal bear market. Given the nature of the problems Hershey faces, the bad news that led to this decline isn't likely to let up anytime soon.Yet, this food maker's share price drop is still a buying opportunity for growth investors. Here's why.Hershey is a consumer staples company. Within that broad sector description, it is a food maker. And within that, it is a snack maker. The company's biggest business is confections, dominated by its chocolate products. That includes industry leading brands like Hershey and Reese's. It is this business that is the problem right now.Continue reading
Shares of The Hershey Company (NYSE: HSY) are in a deep downturn, off over 40% from their 2023 highs. The confection giant is in its own personal bear market. Given the nature of the problems Hershey faces, the bad news that led to this decline isn't likely to let up anytime soon.
Yet, this food maker's share price drop is still a buying opportunity for growth investors. Here's why.
Hershey is a consumer staples company. Within that broad sector description, it is a food maker. And within that, it is a snack maker. The company's biggest business is confections, dominated by its chocolate products. That includes industry leading brands like Hershey and Reese's. It is this business that is the problem right now.
