Oreo maker warns cocoa costs will drive down earnings
Mondelez International Inc shares slumped in after-hours trading after the snack food company said “unprecedented cocoa cost ...
'Koji flour' product can help reduce reliance on cocoa in popular foods
A collaboration between Abertay University and a food biotechnology company has led to the development of an innovative solution to address the ongoing global cocoa shortage.
Oreo maker warns cocoa costs will drive down earnings per share 10%
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive ...
Mondelez warns of additional “headwind” from Trump tariffs threat
Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.
Piper Sandler cuts Mondelez stock target to $56 on cocoa costs
Piper Sandler adjusted the price target for Mondelez International (NASDAQ:MDLZ) shares, reducing it to $56 from the previous $63, while retaining a Neutral rating on the stock. The stock, currently ...
Mondelez expects drop in earnings due to ‘unprecedented’ cocoa costs
Mondelez ’s share price has taken another hit after it warned earnings will likely fall this year due to “unprecedented cocoa ...