Soaring cocoa prices put spotlight on Hershey, Mondelez earnings

) investors will be eager to see how the chocolate makers plan to tackle the recent surge in cocoa and sugar prices when they report first quarter results this week.

“Typically, these companies incur higher cocoa costs first and then they go to their retail customers and try to increase prices,” said CFRA Research’s Arun Sundaram, adding there could potentially be stronger pricing in the second half. “The big question would be whether price-related growth is enough to offset volume declines that we’re likely going to see this year,” Sundaram noted.Mondelez, which reports results on April 30, is expected to report a slight drop in profit for the first time in 14 quarters to 89 cents. Its quarterly sales are expected to be flat Mondelez’s organic volume growth was at 1.3 percentage points in 2023, while prices rose 13.4 pp.

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