Mondelez Tempers Outlook as Costs Rise
NegativeFinancial Markets

Mondelez has adjusted its revenue outlook for the year, now anticipating a 4% organic growth instead of the previously expected 5%. This change is largely attributed to soaring cocoa prices and increasing transportation costs, which are impacting the company's profitability. This news is significant as it highlights the challenges faced by food companies in managing costs while trying to maintain growth.
— Curated by the World Pulse Now AI Editorial System









