Reported 7 months ago
Mondelez International Inc., the company behind Toblerone bars and Oreo cookies, plans to keep offering affordable treats to protect chocolate sales volumes amidst high cocoa prices. Chief Financial Officer Luca Zaramella anticipates a decrease in costs next year but recognizes a potential temporary gap between elevated cocoa costs and consumer prices. The company aims to navigate this by safeguarding volume and market share while awaiting a decline in chocolate production costs.
Source: YAHOO