Corporate GovernanceThe Hershey Trust controls about 80% of the voting power in HSY, giving it substantial control over corporate decisions and making a takeover difficult.
Financial PerformanceHSY is on the precipice of historic EPS pressure in 2025 and into 2026, and Street EPS needs to come down substantially.
Market ConditionsThe surge in cocoa prices is causing nearly mid-teens cocoa inflation in 2026, adding to the pressure on costs.