1124 ET - Mondelez International expects adjusted earnings per share to fall 10% in 2025 due to elevated cocoa costs, after the snack maker said operating income declined 28% in the fourth quarter primarily due to that inflation. If chocolate costs remain high, Mondelez plans to gradually increase prices in the second half of this year, especially in developed markets, but the company said consumer confidence is still rocky, which could pose challenges to its pricing plan. Chief financial officer Luca Zaramella said he expects earnings per share to grow again in 2026, either from price increases or cocoa costs normalizing. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 11:24 ET (16:24 GMT)
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