Mondelez International, Inc. announced on Tuesday that its revenue in the first quarter of fiscal 2025 rose by 0.2% year-on-year to $9.3 billion.
The company's net earnings dropped by 71.5% from the same quarter in 2024 to $402 million, while its diluted earnings per share (EPS) tumbled by 70.2% on an annual basis to stand at $0.31. Meanwhile, gross profit decreased by 48.8% from the same time in the previous year to $2.4 billion, and operating income dipped by 75.1% to $680 million.
"We delivered solid Q1 2025 results in line with our expectations, driven by strong execution of our growth strategy while navigating unprecedented cocoa cost inflation," CEO Dirk Van de Put said.
Mondelez's shares slipped by 0.99% during after-hours trading and sold for $65.00 at 4:14 pm ET.