潜水简介：
- Hershey is struggling to ramp up production for popular candy and mint brands as it awaits relief from itscapacity investment plan.在与分析师的问答期间after the company’s second-quarter 2022 earnings call this week, CEO Michele Buck described the continuing issues around Reese’s — which is Hershey’s largest brand and has enjoyed double-digit growth — as “a pressure point.”
- 公司的share of candy, gum and mints由于造成破冰船薄荷糖等产品的生产问题，下降了54个基点。好时也说了would not be able to fully meet demandfor Halloween due to capacity constraints.
- 尽管有这些问题，好时说，其糖果份额比大流行之前高出83个基点。但是，在来年维持或增长这一份额将需要平衡定价，通货膨胀和商品成本，同时推动其能力提高。
潜水见解：
好时在5月首次宣布其能力投资计划，其中包括在2022年增加10条生产线和3个分销和履行中心。投资。
“Generally, we continue to see struggles across the supply chain,” said Buck. While early logistics issues were driven by labor shortages, “we're now starting to see bigger concerns relative to scarcity of ingredients, needing to leverage different suppliers at higher costs and price points in order to secure production and then also the geopolitical environment has put certain strains on the business.”
She cited the Ukraine-Russia conflict for creating challenges around ingredients, and even impacting equipment purchasing. Buck said Russia’s restrictions on shipping natural gas to the European Union is one factor. “Germany will be impacted. That's an area where we source a lot of equipment, supplies, as do many of our suppliers,” she said.
在复活节假期期间，容量投资计划的目标是帮助好时满足万圣节季节的需求。尽管该公司表示，它预计即将到来的假期中的销售额“高单位”的销售增长，但由于赫尔希（Hershey）所做的准备工作，至少一位分析师在收到的电话期间认为预测令人惊讶，以及万圣节假期对糖果的重要性。2021年，万圣节主题巧克力的美元销售在2021年增长了近50％，非巧克力糖果增长了25.8％，according to the National Confectioners Association.
巴克指出，赫尔希（Hershey）在春季开始计划和生产万圣节糖果，但在零售店每天都在货架上可用。她说：“与季节保持平衡是一个艰难的决定，但我们认为这确实很重要。”“我们对拥有高单位的增长感到非常好，但是随着我们进入未来，我们也感觉很好，能够有更多能力真正满足我们在季节中看到的更多需求。”
公司的salty snacks business had a solid second quarter, with net sales rising nearly 100% vs. the same period a year ago. Strong sales for Dot’s Homestyle Pretzels —a 2021 acquisition— were driven by expanded distribution. SkinnyPop popcorn grew retail sales by 16.9% and gained share.
Consumers have largely accepted Hershey’s North American price increases in salty snacks, although this has not been enough to offset the growth in raw material and logistics costs over the past two quarters, according to CFO SteveVoskuil. However, he expects a new round of price increases slated for the next two quarters to provide “some stability and relief.”
“But right now, it's kind of fighting the balance between pricing and inflation and commodities costs,” Voskuil said.
