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 ...
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 ...
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 ...
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Mondelez warns of additional “headwind” from Trump tariffs threat
Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.
Piper Sandler cuts Mondelez stock target to $56 on cocoa costs
Piper Sandler adjusted the price target for Mondelez International (NASDAQ:MDLZ) shares, reducing it to $56 from the previous $63, while retaining a Neutral rating on the stock. The stock, currently ...
'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 solution to address the ongoing global cocoa shortage.
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Cedi depreciation and its ripple effects
By Samuel Lartey(Prof) [email protected] The Ghanaian economy entered 2025 with a mixed bag of challenges and opportunities as the cedi continued its perennial battle against major trading ...