Hershey (HSY): Chocolate’s Lipstick Effect Won’t Fully Translate Into Earnings Power

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Investment Thesis

Data supports that chocolate consumption has a “lipstick effect” during the recession. However, The Hershey Company (NYSE:HSY) was not immune to the decline during the last recession in ’08-’09. This time around, it seems Hershey is not only facing similar

Author: jeserje

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