Oreo maker warns cocoa costs will drive down earnings per share 10%
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive Officer Dirk Van de Put said the company was focused on navigating cocoa cost
Mondelez International Expects 2025 Earnings to Drop Amid Soaring Cocoa Costs
The company is specifically focused on its chocolate business as it navigates cocoa cost inflation, Chief Executive Dirk Van de Put said. The company previously said it expects to raise prices.
Hershey shares drop premarket despite earnings beat, outlook weighed by cocoa cost
Investing.com - Shares in Hershey Co (NYSE:HSY) fell 4.44% in pre-market trading on Thursday after reporting fourth-quarter earnings on that surpassed analyst expectations, but warned of significant pressure on 2025 earnings due to surging cocoa prices.
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
Oreo maker warns cocoa costs will drive down earnings
Mondelez International Inc shares slumped in after-hours trading after the snack food company said “unprecedented cocoa cost inflation” would drive down earnings this year.
Mondelez Q4 Earnings Miss Estimates Amid Increased Cocoa Costs
Mondelez International, Inc. MDLZ posted fourth-quarter 2024 results, with the top line increasing year over year but missing the Zacks Consensus Estimate. The bottom line decreased from the year-ago quarter’s level and missed the consensus mark amid a challenging operating environment marked by cocoa cost inflation.
Food1h
Is the key to the cocoa crisis a blend of cocoa powder and fat?
As cocoa prices continue to fluctuate on the higher end, cocoa powder and cocoa fat solutions may provide some relief for ...
FoodNavigator1h
Cocoa prices hit record high: What does this mean for industry?
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
Confectionery News6d
How brands are tackling cocoa shortages, shrinkflation, and pricing pressures
Soaring cocoa prices and the cost-of-living crisis are pushing confectioners to rethink pricing, pack sizes, and innovation.
Crain's Chicago Business3d
Your bakery order is about to become more expensive
Chicago's bakers are readying to raise prices as one of their most frequently used ingredients becomes increasingly expensive ...
Hershey anticipates balanced growth in 2026 with strategic pricing and innovation
CEO Michele Buck emphasized the company’s focus on achieving balanced top-and-bottom-line growth in 2026 despite elevated cocoa prices. She highlighted the use of multiple levers, including pricing, ...
Just-Food on MSN1d
Mondelez warns of additional “headwind” from Trump tariffs threat
Mondelez International said President Trump’s threat to impose import tariffs on Mexico and Canada could create a "headwind" ...
'Koji flour' product can help reduce reliance on cocoa in popular foods
A collaboration between Abertay University and a food biotechnology company has led to the development of an innovative ...
Mondelez projects 5% revenue growth for 2025, highlights chocolate strategy amid elevated cocoa costs
Mondelez expects approximately 5% revenue growth for 2025, supported by revenue growth management (RGM) initiatives and price adjustments. Management acknowledged that adjusted EPS is expected to ...