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By Claudia Assis

Mondelez says it reached ‘peak cost’

Oreo maker Mondelez said it expects revenue growth of about 4%, versus a 5% growth projection it gave markets in July

Mondelez International Inc., the maker of Oreo cookies, Ritz crackers and Sour Patch Kids candy, said late Tuesday it reached “peak costs” and dialed down its expectations for the year.

Chicago-based Mondelez (MDLZ) said that it expected “challenging conditions” to continue in some markets, although it was encouraged by a recent moderation in cocoa prices and signs of a strong cocoa crop this year. Mondelez’s brands also include chocolate and candy maker Cadbury, Toblerone and Brazil’s Lacta chocolates.

“Our teams are focused on executing clear plans for volume improvement, significantly increasing growth investments, and driving meaningful cost efficiencies,” Chief Executive Dirk Van de Put said in a statement.

The company said it expects revenue growth of about 4%, versus a 5% growth projection it gave markets in July. It said its adjusted per-share earnings would drop about 15%, whereas it called for a decline of around 10% in EPS in July.

Mondelez repeated its assertion that the outlook was given “in the context of greater-than-usual volatility, including due to geopolitical, trade and regulatory uncertainty and commodity prices.” It added that it also does not reflect any potential tariff changes to the U.S.-Mexico-Canada trade agreement.

Revenues rose in Latin America, Europe, Asia, the Middle East and Africa but declined in North America, Mondelez said. The company reported adjusted earnings of 73 cents a share on revenue of $9.7 billion, right around Wall Street expectations.

The stock dived nearly 5% in the after-hours session Tuesday, after ending the regular trading day down 2.4%.

Related: Some people are spending $200 on Halloween candy – and others are skipping the holiday – as ‘greedy’ trick-or-treaters spoil the fun

-Claudia Assis

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  10-28-25 1756ET
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