1131 ET - Inflated cocoa costs melted into Mondelez International's earnings in 4Q, and they are likely too large to be fully offset by raising prices, Edward Jones analyst Brittany Quatrochi says. The snack maker's 2025 outlook was more disappointing than expected, with adjusted earnings per share set to fall 10%. Underlying sales growth remains solid across regions, despite cocoa prices pulling down operating income across the globe by 28%. Mondelez said in an earnings call it plans to raise prices, but low-cost distribution will be especially crucial for emerging international markets as the company generates about 70% of its sales outside of North America, Quatrochi says. Shares rise 1.7%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 11:31 ET (16:31 GMT)
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