Chicago -based Mondelez International Inc. After post -trading on the shares, the snack food company said the snack food company said “unprecedented cocoa cost inflation” will reduce earnings this year.
The company hopes that in 2025, adjusted income per share will fall by about 10%.
Stock fell 5% at 5:54 pm in the hourly trading in New York.
Coco prices increase to a large extent over the end of 2023 since the end of 2023. Chief Executive Officer Durk Van de Put said that the company focused on navigating cocoa cost inflation in 2025.
Sales ended on 31 December in the company’s fiscal fourth quarter. The manufacturer of the manufacturer of the trisk crackers and Milka Chocolate Bars said in a statement on Tuesday. Adjusted income per share fell 16% to $ 0.65.
While the revenue of Mondelaze was above the 2023, the volumes for the year were down, as the budget-conscious shopkeepers pulled back to a wide range of purchases in the supermarket. While some food manufacturers have used promotion to reel customers, Mondeles has raised prices due to dependence on cocoa.
The company said it hopes that Coco prices would eventually fall down from their current heights, but they will be historically higher than them. It is currently increasing prices and may have to increase further in the second half of the year and in 2026, Van de Put told investors on Tuesday. Nevertheless, consumers maintain their hunger for chocolate – the company had double digit Christmas pure revenue in the category.
Chief Financial Officer Luka Marela said that the company will develop EPS in 2026, even if the prices of Cocoa do not matter.
Mondelez International recently moved from Dearfield to Fulton Market Neberhood in Chicago, attending the corporate food giants who left the suburbs for the city.