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The Motley Fool Analysis: Despite Cocoa Costs Soaring Over 120%, Hershey's (HSY) Q2 Net Sales Grew 6.6%, Adjusted EPS Jumped 57%
Analysis indicates that The Hershey Company has successfully passed on the impact of cocoa costs, which have surged over 120% in the past six months, to consumers, leveraging its brand strength and pricing power. The company plans to launch its largest-ever Halloween promotion, "Hersheyween," to capitalize on the upcoming peak season for chocolate consumption. Currently, Hershey's stock trades below its 52-week high of $239 and offers an attractive dividend yield of 3.2% for income-focused investors.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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