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Mondelēz CEO: Cocoa prices have been 'unprecedented'
CNBC Television· 2025-07-30 16:12
Welcome back. Shares of Manderly are under pressure this morning. Despite the company beating earnings and revenue estimates while the company reiterated guidance, it does include a 10% hit to EPS due to cocoa cost inflation.Organic growth and gross margins also falling short of expectations. Joining us in an exclusive interview is Manderly's chairman and CEO Dirk Bandut. How would these results and h how would the environment be different if we didn't have this crazy cocoa price inflation.>> Well, it it wo ...