The Hershey Co

HSY: XNYS (USA)

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Despite Unrelenting Cocoa Inflation, Hershey's Brand Investments Should Sweeten Its Long-Term Edge

Erin Lash

Nov 12, 2025

Business Strategy and Outlook

After eight years at the helm, CEO Michele Buck has passed the torch to Kirk Tanner (the former CEO of Wendy's). We applaud the strategic focus Buck brought to bear--ramping up investments in Hershey's core domestic brands while pulling back in its international arm (high-single-digit percentage of total sales, where we surmise its competitive position has perpetually lagged global peers).

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The Hershey Co

Despite Unrelenting Cocoa Inflation, Hershey's Brand Investments Should Sweeten Its Long-Term Edge

Business Strategy and Outlook

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