Mondelez Tempers Outlook as Costs Rise

Core Viewpoint - The company has revised its revenue growth expectation for the year from 5% to 4% on an organic basis due to record-high cocoa prices and increasing transportation costs [1] Revenue Expectations - The company now anticipates a 4% increase in revenue on an organic basis for the year, down from the previously expected 5% [1] Cost Factors - The revision in revenue expectations is attributed to record-high cocoa prices and rising transportation costs impacting overall profitability [1]