Shares of Mondelez International Inc. (MDLZ) plunged around 5% during Wednesday's trading session, following the company's mixed fourth-quarter earnings report and disappointing profit outlook for 2025.
The snack food giant reported revenue of $9.6 billion for Q4 2024, slightly missing Wall Street estimates of $9.64 billion. Adjusted earnings per share of $0.65 also came in a penny below expectations of $0.66. While the company beat revenue estimates, its profitability was severely impacted by soaring cocoa costs, leading to a decline in gross profit margins.
More concerning for investors was Mondelez's guidance for the full year 2025. The company expects organic net revenue growth of around 5%, topping estimates. However, adjusted earnings per share are projected to decline by approximately 10% due to "unprecedented cocoa cost inflation." This earnings forecast missed analysts' expectations of a 6.7% drop.