Reported about 12 hours ago
Mondelez International, the parent company of Cadbury, has projected a larger-than-expected decline in its annual profit, attributing it to soaring cocoa prices and increased costs, which have pressured consumers towards cheaper options. The company anticipates a 10% drop in 2025 profit on an adjusted basis, exceeding analysts' estimates. This financial outlook reflects challenges in the market, including price hikes that impacted sales volumes in Europe while North America saw an increase after a slight price reduction.
Source: YAHOO