VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Greggs plc vs The Hershey Company

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Greggs plc

GRG · London Stock Exchange

Market cap (USD)$1.6B
Gross margin (TTM)61.4%
Operating margin (TTM)9.6%
Net margin (TTM)7%
SectorConsumer
IndustryGrocery Stores
CountryGB
Data as of2026-01-31
Moat score
64/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Greggs plc's moat claims, evidence, and risks.

View GRG analysis

The Hershey Company

HSY · New York Stock Exchange

Market cap (USD)$45B
Gross margin (TTM)33.3%
Operating margin (TTM)12.1%
Net margin (TTM)7.6%
SectorConsumer
IndustryFood Confectioners
CountryUS
Data as of2025-12-26
Moat score
75/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into The Hershey Company's moat claims, evidence, and risks.

View HSY analysis

Comparison highlights

  • Moat score gap: The Hershey Company leads (75 / 100 vs 64 / 100 for Greggs plc).
  • Segment focus: Greggs plc has 2 segments (88.4% in Retail company-managed shops); The Hershey Company has 3 segments (81.4% in North America Confectionery).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Greggs plc has 5 moat types across 2 domains; The Hershey Company has 4 across 2.

Primary market context

Greggs plc

Retail company-managed shops

Market

UK food-to-go retail (bakery/QSR) sold through company-operated shops and delivery

Geography

United Kingdom

Customer

Consumers (end customers)

Role

Retailer and vertically integrated manufacturer-distributor

Revenue share

88.4%

The Hershey Company

North America Confectionery

Market

Branded chocolate and non-chocolate confectionery

Geography

United States and Canada

Customer

Retail consumers via grocery, mass, club and convenience

Role

Branded manufacturer and marketer

Revenue share

81.4%

Side-by-side metrics

Greggs plc
The Hershey Company
Ticker / Exchange
GRG - London Stock Exchange
HSY - New York Stock Exchange
Market cap (USD)
$1.6B
$45B
Gross margin (TTM)
61.4%
33.3%
Operating margin (TTM)
9.6%
12.1%
Net margin (TTM)
7%
7.6%
Sector
Consumer
Consumer
Industry
Grocery Stores
Food Confectioners
HQ country
GB
US
Primary segment
Retail company-managed shops
North America Confectionery
Market structure
Competitive
Oligopoly
Market share
n/a
34%-38% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
64 / 100
75 / 100
Moat domains
Supply, Demand
Demand, Supply
Last update
2026-01-31
2025-12-26

Moat coverage

Shared moat types

Brand Trust

Greggs plc strengths

Physical Network DensitySupply Chain ControlHabit DefaultLong Term Contracts

The Hershey Company strengths

Distribution ControlOperational ExcellenceScope Economies

Segment mix

Greggs plc segments

Full profile >

Retail company-managed shops

Competitive

88.4%

Business-to-business (franchise & wholesale)

Competitive

11.6%

The Hershey Company segments

Full profile >

North America Confectionery

Oligopoly

81.4%

North America Salty Snacks

Oligopoly

10.1%

International

Competitive

8.5%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.