Key Takeaways Mondelez saw Q3 adjusted gross profit and margins fall sharply amid record cocoa and higher transport costs. The company stated that cocoa inflation peaked in Q3 and moderating prices may ease pressure. Pricing resets, pack changes, stronger promotions and productivity efforts are key to margin recovery. Mondelez International, Inc. (MDLZ) entered the third quarter of 2025 with cocoa costs sitting at record highs, and the impact on profitability was obvious. The adjusted gross profit dropped b ...