Hershey Could Get Q3 Sugar Rush Thanks To A Cocoa Crash
1. Cocoa futures have dropped to lowest levels since November. 2. Hershey's stock fell 11% due to record cocoa prices. 3. Lower cocoa costs may enhance Hershey's gross margins this quarter. 4. Hershey can potentially regain market share as cocoa prices decline. 5. Consumer sentiment stabilizing may benefit Hershey's sales recovery.