尽管可可市场近期价格波动，好时管理层仍确信2027年将出现价格通缩。换言之，好时管理层预测2027年可可价格将下跌。
Despite the recent price volatility in the cocoa market, Hershey's management team is confident that 2027 will bring price deflation. In other words, Hershey's management team is forecasting declining cocoa prices in 2027.
由于这是公司生产过程中的主要投入，投入成本的降低应会在2027年及可能之后改善公司的利润率。但这会让好时股票成为买入机会吗？
And since that's a major input to the company's process, the lower cost of inputs should improve the company's margin profile in 2027 and probably beyond. But does this make Hershey's stock a buying opportunity?
好时在过去十年中通过有机增长和收购实现了显著的营收增长。公司销售额从2017年的70亿美元增至最近12个月期间的超过120亿美元。
Hershey's has managed to generate significant revenue growth over the previous decade, both organically and through acquisitions. The company's sales have increased from 7 billion in 2017 up over 12 billion in the most recent trailing 12-month period.