Hershey executive expects gross margins in 2020 to expand at a slower pace than 2019

Exec - reese's brand grew over 6% in q4; kit kat grew 2.3% in q4 - conf call.hershey exec - expect gross margins to expand again in 2020 but at a slower pace than 2019.hershey exec - commodities will change from being a tailwind in 2019 to a headwind in 2020.hershey exec - expect advertising to grow slightly ahead of sales this year.hershey exec - given some of timing of this year's key initiatives, expect second half financial performance to be stronger than first half.hershey exec on coronavirus - we do anticipate that will have an impact on our business in china.hershey exec on coronavirus impact - we are predominantly north american-based company, so not as big an impact as we may see from some others.hershey exec on cocoa pricing - we do know it's a headwind in 2020, and that headwind is built into the guidance.
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