Shares of Mondelez International Inc. fell in after-hours trading on Monday, following a warning from the snack giant that soaring cocoa costs would negatively affect its earnings in 2025.
The company, best known for brands like Oreo and Ritz, announced it expects adjusted earnings per share to drop by about 10% this year, citing “unprecedented cocoa cost inflation” as the primary driver of the decline.
Mondelez’s forecast highlights the ongoing pressure from rising commodity prices, which have affected several food companies globally.
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