Hershey Co.(HSY) – New product in Ice Breakers to appeal wide range of consumers

Hershey Co.(HSY) (Q2FY23)

Stock performance: Hershey’s stock gave returns of -18.8% and -5.6% in the period of three months and one year. The stock has a 52-week high of $276.88 and a 52-week
low of $206.69. The stock gave returns of 54.3% and CAGR of 15.5% over a period
of three years. The stock had a 200-Day Moving Average of $241.02 and a 50-Day
Moving Average of $223.93.

Quarter Performance: In Q2FY23, consolidated net sales increased 5% to $2.49bn, compared to $2.37bn in Q2FY22. Organic, constant currency net sales increased 5%, driven primarily by list price increases.

Guidance: HSY expects its sales to grow by ~8% and the adj. EPS to increase in the range of 11% to 12% in FY23. The company expects an adj. tax rate of ~16%, other expenses of $180mn-$190mn, interest expense of ~$155mn and a capital expenditure in the range of $800mn-$850mn in FY23.

Highlights

Ice Breakers, a popular mint brand, has released a new product called Raspberry Lemon
Seltzer Sparkling Mints. These mints are unique because they combine the classic Ice Breakers flavor crystals with a new, fizzy sensation. The mints are also sugar-free and freshened breath. These are available in 1.5 oz. packs at retailers nationwide. This product is expected to appeal to a wider range of consumers, as it is sugar-free and has a refreshing, fruity flavor.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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