Hi Yegor. It's a great point. It was not something I came across in my research (I missed the Bear Cave report). Anecdotally, Feastables, do not seem to have the same reach in the UK as they do in the US (which is obviously Hershey's key market), so they did not cross my mind when I was writing this. The fact that $HSY are forecasting 2-3% revenue growth demonstrates there's certainly a number of factors that are restricting revenue growth, and Feastables could certainly be one.
Any thoughts on Bear Caves short report that Mr Beast is taking a share of Hershey’s market?
Hi Yegor. It's a great point. It was not something I came across in my research (I missed the Bear Cave report). Anecdotally, Feastables, do not seem to have the same reach in the UK as they do in the US (which is obviously Hershey's key market), so they did not cross my mind when I was writing this. The fact that $HSY are forecasting 2-3% revenue growth demonstrates there's certainly a number of factors that are restricting revenue growth, and Feastables could certainly be one.