The Hershey Company, TRA Report

Happy Halloween everyone! In the spirit of today, TRA is sharing an unsolicited report on Hershey, the company behind so many of this season’s treats.

Hershey benefits from significant brand equity around its confectionery products, and is making incremental acquisitions to compete among more diversified food and packaged goods companies with salty snacks like Pirate’s Booty and SkinnyPop popcorn. Hershey is an American staple and management has been disciplined in its stewardship of the brand, generating strong free cash flow YoY and maintaining a flexible balance sheet.

Download the full report below.