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Hershey reported FY2025 revenue of $11.7 billion, gross profit of $3.9 billion, operating income of $1.4 billion and Q1 2026 revenue of $3.1 billion. The thesis depends on cocoa-cost inflation, pricing power, brand demand, inventory control, cash conversion an
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Affirm is scaling GMV and has moved into GAAP operating profitability, but the stock thesis still depends on credit discipline, funding access, partner concentration, regulation and whether Card, wallets and international expansion preserve unit economics.
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