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Chobani Cuts Annual Earnings Forecast on Rising Material Costs
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Chobani Cuts Annual Earnings Forecast on Rising Material Costs Chobani has lowered its annual earnings forecast as the Greek yogurt maker contends with rising material costs, according to people familiar with the matter. The food and beverage firm, which has seen its revenue surge amid demand for high-protein foods, last week predicted that this year’s earnings will be roughly $920 million, after earlier forecasting at least $1 billion, the people said, asking not to be identified discussing...
Chobani Cuts Annual Earnings Forecast on Rising Material Costs
Chobani has lowered its annual earnings forecast as the Greek yogurt maker contends with rising material costs, according to people familiar with the matter.
The food and beverage firm, which has seen its revenue surge amid demand for high-protein foods, last week predicted that this year’s earnings will be roughly $920 million, after earlier forecasting at least $1 billion, the people said, asking not to be identified discussing private information.