I started top-down with US population, segmented by age groups and rough purchase frequency, then sanity checked against total candy market size.
Break the problem into a demand-side estimation using the US population, segmenting by consumption frequency (e.g., heavy, moderate, light users) and average bars per user per year. Then validate with a supply-side check using Hershey's annual revenue and average price per bar.
Pro tip: State your assumptions clearly and round numbers to simplify calculations; interviewers care more about your structured thinking than the exact number. After estimating, mention that you'd sanity-check with industry reports or company financials.
Confirm that the question refers to all Hershey's chocolate bars (not just the classic milk chocolate bar) and that 'past year' means the most recent 12 months. Ask if you should include all retail channels (grocery, convenience, online, etc.).
Divide the US population (~330 million) into age groups or consumption segments. For simplicity, use age groups: children (0-17), adults (18-64), and seniors (65+). Estimate the number of people in each group who consume Hershey's bars.
For each segment, estimate the percentage who consume Hershey's bars and their average annual consumption. For example, assume 80% of children eat 20 bars/year, 60% of adults eat 10 bars/year, and 30% of seniors eat 5 bars/year.
Multiply the population in each segment by the penetration rate and average annual consumption, then sum across segments to get the total estimated bars sold.
Cross-check your estimate using Hershey's US confectionery revenue (e.g., from annual reports) divided by the average retail price per bar. If the numbers are within a reasonable range, your estimate is plausible.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.