Mondelez Earnings: Cocoa Cost Retreat Fails to Shake Its Commitment to Judicious Brand Spending

Organic sales popped 5% in the final three months of Mondelez's fiscal 2025, on the heels of a nearly 10% benefit from higher prices. However, the adjusted gross margin declined by 100 basis points to 30.5% as inflation and an unfavorable mix outweighed higher prices and lower manufacturing costs.