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Mondelez Profit Plunges on Cocoa Costs

WSJ.com: US Business •
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Fourth-quarter profit for Mondelez International, the snacking giant behind Oreo and Cadbury, plummeted to $665 million, a stark contrast to the $1.75 billion reported a year prior. The decline reflects the impact of elevated cocoa costs, a significant headwind for the company. This news will likely concern investors, as it signals challenges in maintaining profitability amidst rising commodity prices within the confectionery industry.