Financial PerformanceEstimated earnings per share (EPS) for HSY are lowered due to anticipated lower volume and margins despite pricing adjustments.
Inflation ImpactCocoa, HSY's largest commodity, is at an all-time high with prices surging over 200%, potentially affecting demand and margins.
Market ValuationThe company's stock is trading at a ~30% premium to Packaged Food peers, which seems generous given the negative outlook for EPS in 2025.