The Hershey Company: Can Its Innovation & Product Portfolio Expansion Up Their Game? 

The Hershey Company recently discussed its third-quarter 2024 earnings results, with executives addressing various topics spanning from market competition to cost pressures and strategic initiatives. The conversation provides insights into both the positive aspects and challenges faced by the company. On the positive side, Hershey reported continued resilience in the core chocolate category, maintaining steady growth trends and outpacing other snack categories. Michele Buck, the Chairman and CEO, highlighted some “green shoots” in innovation and increased momentum in the candies segment, especially with the company’s seasonal products like Halloween chocolates. Additionally, the company is optimistic about its performance for the rest of 2024 and looks forward to possible growth in 2025, driven by strategic investments in marketing and efforts to enhance product offerings and distribution.