1656 ET - Mondelez International said it expects adjusted earnings per share to decline about 10% in 2025 due to cocoa cost inflation. The Chicago-based food and snack company produces Oreo, Toblerone and Cadbury chocolate, among other cocoa-based products. High cocoa prices have forced the snack giant to raise some prices in recent quarters. "Our teams are well-equipped to stay agile and take the necessary actions to navigate this challenging operating environment," CEO Dirk Van de Put said. Shares fall 4.5% after hours. (roshan.fernandez@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 16:56 ET (21:56 GMT)
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