Gross Profit Under Pressure: Can Mondelez Withstand Cocoa Surge?

Key Takeaways MDLZ posted 3.1% organic revenue growth in Q1, led by pricing gains in its chocolate portfolio. Gross profit and EPS declined as record cocoa prices pressured margins despite cost controls. Volume mix fell 3.5% due to chocolate pricing elasticity and planned pack downsizing.Mondelez International (MDLZ) entered 2025 facing one of the most formidable headwinds in its global supply chain: record cocoa inflation. While first-quarter 2025 organic revenues rose 3.1%, driven largely by strong pric ...