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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: rnam ✧  😊 😞
Number: of 15061 
Subject: Re: HSY getting hammered
Date: 03/05/2024 3:49 AM
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Swiss chocolatier Lindt seems to be doing fine, high cocoa prices and other sources of inflation not withstanding. Being a premium brand compared to Hershey and Nestle, gives them much greater pricing power. But PE of 40 is double that of Hershey and Nestle.

I usually grab a packet of truffles on my monthly Costco expedition. Much more delicious than anything Hershey, Nestle or Mars offers.

The Swiss chocolatier said on Tuesday that it increased its full-year net profit by 18% to 671.4 million Swiss francs ($758.6 million) compared with the prior year, which it attributed to price increases as a result of higher raw-material prices and inflationary pressure.

Earnings before interest and taxes increased 9.2% to CHF813.1 million, with a margin that expanded to 15.6% from 15.0%.

The company confirmed its preliminary sales figures published in January, which showed sales grew 10% organically, as well as its 2024 guidance.

https://www.morningstar.com/news/dow-jones/2024030...
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