Hershey is expecting “significant pressure on earnings” in 2025 from stubbornly high cocoa costs but still envisages an acceleration in sales revenue. As cocoa prices hover near December’s ...
Chicago-based Mondelez International Inc. shares slumped in after-hours trading after the snack food company said “unprecedented cocoa cost inflation” would drive down earnings this year.
red down pointing triangle reported earnings missed that missed expectations and guided for a drop in 2025 adjusted earnings as it navigates rising cocoa costs. Shares fell 5% to $53.70 after the ...