MrBeast Vs. Hershey: 'The Bear Cave' Reveals A Potential Shakeup In The Snack Industry
Portfolio Pulse from Michael Cohen
A report by 'The Bear Cave' highlights the increasing competition faced by Hershey Co (HSY) from Feastables, a company founded by YouTuber MrBeast. Feastables is gaining popularity and is being stocked by retail giants like Walmart and Target Corp (TGT). The report suggests that Hershey's market strategy may need to adapt to this new competitor. MrBeast acknowledged the competition, stating that the next few years between Feastables and Hershey's will be interesting.
July 20, 2023 | 4:35 pm
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NEGATIVE IMPACT
Hershey Co is facing increasing competition from Feastables, which could potentially impact its market dominance and stock price.
The report suggests that Hershey's long-standing market dominance is being challenged by Feastables, a company that enjoys a robust fanbase. This could potentially impact Hershey's market share and subsequently its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Target Corp is stocking products from Feastables, indicating the growing popularity of the brand.
The report mentions that Feastables products are being stocked by retail giants like Target Corp. While this indicates the growing popularity of Feastables, it's not clear how this will directly impact Target's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50