Shares of The Hershey Company (NYSE: HSY) have declined over 40% from their 2023 highs, putting the confectionery giant in a bear market due to ongoing challenges in its confections business, particularly its chocolate products. Despite this downturn, the significant drop in share price presents a buying opportunity for growth investors, as Hershey operates within the consumer staples sector as a prominent snack and food maker. The company’s leading brands, such as Hershey and Reese’s, remain integral to its identity, even amidst current struggles.
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