Snacks Giant Mondelez Q4 Earnings: Sales Miss, EPS Falls Short, Cocoa Inflation Threatens 2025 & More

Snacks giant Mondelez International Inc MDLZ shares are trading lower in premarket on Wednesday.The company reported fourth-quarter sales growth of 3.1% year-on-year to $9.60 billion, missing the analyst consensus estimate of$9.64 billion.Adjusted EPS of $0.65 also missed the consensus estimate of$0.66.Revenues in Asia, Middle East & Africa surged 9.9% whereas Latin America plunged 7.2%. Revenue from Europe and North America increased 5.8% and 0.1% respectively.Gross profit for the quarter climbed 6.9% to ...