MDLZ - Oreo Maker Mondelez Aims To Keep Chocolate Affordable Amid Rising Cocoa Cost | Benzinga
Mondelez International Inc. (NASDAQ:MDLZ), known for its iconic Toblerone bars and Oreo cookies, is strategically positioning itself to maintain chocolate sales by keeping prices consumer-friendly amid volatile cocoa market conditions.
The approach aims to sustain demand even as the company anticipates a decrease in cocoa costs.
During a recent virtual conference hosted by Evercore ISI, Bloomberg reported that CFO Luca Zaramella expressed optimism about declining cocoa prices in the upcoming year, which could alleviate some cost pressures on chocolate production.
The ...