Mondelez Q4 Earnings Miss Estimates Amid Increased Cocoa Costs

Mondelez International, Inc. (MDLZ) posted fourth-quarter 2024 results, with the top line increasing year over year but missing the Zacks Consensus Estimate. The bottom line decreased from the year-ago quarter’s level and missed the consensus mark amid a challenging operating environment marked by cocoa cost inflation.Adjusted earnings were 65 cents per share, which decreased 15.9% on a constant-currency (cc) basis. The metric missed the Zacks Consensus Estimate of 66 cents. This decline was mainly caused b ...