Hershey (HSY) Down More Than 20% in 6 Months: Here's Why
HSYHershey(HSY) Zacks Investment Research·2024-01-13 04:02

The Hershey Company (HSY) appears to be in a tight spot thanks to rising expenses. The leading snacks company’s international presence keeps it exposed to risks of unfavorable currency rates. A soft macroeconomic environment is a threat to the company. Shares of the Zacks Rank #4 (Sell) company have slumped 20.2% in the past six months compared with the industry’s 17.3% decline. The stock has underperformed the Zacks Consumer Staple sector’s 2.8% drop. Let’s discuss this in detail. Cost Concerns Stay Hershe ...