The Hershey Company
) recently unveiled a brand new flagship store - Hershey's
Chocolate World - at New York-New York Hotel & Casino on the
iconic Las Vegas Strip.
The retail store, spread across 13,000 square feet and occupying
two floors, offers more than 800 candy and chocolate options to
choose from, including the popular Hershey's brands - Hershey's,
Hershey's Kisses, Reese's, Ice Breakers, Jolly Ranchers, Twizzlers
and more. The store will also allow customers to taste new treats,
personalize sweet gifts and click keepsake photos.
As an added attraction, the store features a massive 74-foot
Hershey's Milk Chocolate bar, and chocolate sculptures of the
Statue of Liberty and the Empire State Building. While the Statue
of Liberty is made out of almost 800 lbs of pure Hershey's Milk
Chocolate, the Empire State Building is made of 1,800 Hershey's
Milk Chocolate bars.
Hershey is the largest producer of quality chocolate in the U.S.
with a market share of almost 45%. The company markets some of the
world's leading brands which enjoy widespread consumer acceptance.
The company is also a global leader in sugar confectionery
products, an attractive category, as confectionery products are
easily available, affordable and highly indulgent. The global
confectionary category has been growing at a compound annual growth
rate of nearly 5% for several years. Hershey commands 31.1% share
of the U.S. CMG (chocolate, mint and gum) category.
Other Stocks to Consider
Hershey carries a Zacks Rank #3 (Hold). Better-ranked
food/beverage stocks include
The WhiteWave Foods Company
B&G Foods, Inc.
The Hain Celestial Group, Inc.
). While WhiteWave Foods sports a Zacks Rank #1 (Strong Buy),
B&G Foods and The Hain Celestial carry a Zacks Rank #2
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HERSHEY CO/THE (HSY): Free Stock Analysis
HAIN CELESTIAL (HAIN): Free Stock Analysis
B&G FOODS CL-A (BGS): Free Stock Analysis
WHITEWAVE FOODS (WWAV): Free Stock Analysis
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