Latest Mondelez International Inc News
It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits
ACCRA, Ghana (AP) — Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa. About three-quarters of the...
Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approaches
NEW YORK (AP) — Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs. Cocoa futures have surged this year, roughly doubling since the start of 2024. Rising temperatures and weather conditions have stressed and...
Candy companies pitch gum as a stress reliever and concentration aid to revive stale US sales
Candy companies want to know: What will make Americans start chewing gum again? Gum’s bubble burst during the COVID-19 pandemic, when masks and social distancing made bad breath less of a worry and fewer people spent on impulse buys. The number of packages of gum sold dropped by...
Mondelez: Q4 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — Mondelez International Inc. (MDLZ) on Tuesday reported fourth-quarter earnings of $950 million. On a per-share basis, the Chicago-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring costs, were 84 cents per share. ...
