Mondelez International Inc. (MDLZ) shares plummeted 5.16% in after-hours trading on Tuesday following the release of its fourth-quarter financial results.

Despite reporting revenue of $10.50 billion that beat analyst expectations, the snack maker posted adjusted earnings per share of $0.68, falling short of the FactSet consensus estimate of $0.70. The company also highlighted significant challenges from unprecedented cocoa cost headwinds that negatively impacted its profitability.

Looking ahead, Mondelez provided a conservative outlook for 2026, forecasting organic net revenue growth in the range of flat to 2% and adjusted EPS growth of flat to 5%. This cautious guidance, combined with the earnings miss and margin pressures from rising cocoa costs, contributed to the sharp decline in share price during the after-hours session.