CHICAGO, May 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (Nasdaq: MDLZ) today declared a regular quarterly dividend of $0.425 per share of Class A common stock. This dividend is payable on July 12, 2024, to shareholders of record as of the close of business on June 28, 2024. About Mondelēz International Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2023 net revenues of approximately $36 billion ...

Are fans destined to join the dark side or the light side? The only way to discover your destiny is by opening a pack of Star Wars™ OREO Cookies! EAST HANOVER, N.J., May 15, 2024  /PRNewswire/ -- Today, the OREO brand, in collaboration with Lucasfilm, announced the release of Special Edition Star Wars™ OREO Cookies. The two iterations of the Star Wars™ OREO Cookie Packs are wrapped in identical exterior packaging, but each pack contains a single color creme that symbolizes either the dark side or light side ...

WASHINGTON, May 15, 2024 (GLOBE NEWSWIRE) -- Today, CLIF BAR re-launched its Loop the Lincoln 5K event for Organic Week 2024, which aims to help advance important organic food and farming initiatives by bringing together policy leaders and organic industry influencers. As a leader in sustainability practices, including a 20-year commitment to organic, CLIF BAR welcomed Congressional staffers and industry representatives to this active event for walkers and runners. Scott Jurek, champion ultramarathoner and ...

Did you analyze how Mondelez (MDLZ) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this maker of Oreo cookies, Cadbury chocolate and Trident gum, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health an ...

From the company that created OREO Gluten Free Chocolate Sandwich Cookies, Mondelēz launches first ever Chips Ahoy! Gluten Free cookie EAST HANOVER, N.J., May 6, 2024 /PRNewswire/ -- The rumors are true! Chips Ahoy! cookies are going where they have never gone before – gluten free! Launching this May, the Chips Ahoy! brand is unveiling its first-ever certified Gluten Free chocolate chip cookie. This highly anticipated new product will allow everyone to experience the irresistible taste that has made Chips A ...

The creative elements are inspired by interviews with real CLIF BAR lovers, who said that while they rely on CLIF to fuel them to engage in activities they love, in the end what matters most is the passion to "get out there and try."  The new advertisements feature a variety of world-renowned CLIF Athletes including Frances Tiafoe, Sophia Smith and Breanna Stewart who all bring their talents and energy to their respective sports, along with everyday people who showcase how they turn personal passions into a ...

Mondelez International, Inc. (MDLZ) began 2024 on a strong note, with the first-quarter top and bottom lines rising year over year and surpassing the respective Zacks Consensus Estimate.Robust top-line results, earnings and free cash flow generation can be attributed to effective pricing strategies, efficient cost management and impressive momentum in emerging markets. Despite encountering a challenging and dynamic operating environment, management remained focused on executing the long-term growth strategy ...

Consumer confidence in the United States is mixed, with many shoppers looking for deals when it comes to chocolate, biscuits and baked snacks.That finding contrasts with consumer confidence in Europe, which is stable, and in emerging markets, where it is strong, consumer packaged goods (CPG) company Mondelez International said in a presentation released Tuesday (April 30) in conjunction with the firm’s quarterly earnings call.Mondelez, whose brands include Cadbury chocolate, Oreo cookies and CLIF baked snac ...

For the quarter ended March 2024, Mondelez (MDLZ) reported revenue of $9.29 billion, up 1.4% over the same period last year. EPS came in at $0.95, compared to $0.89 in the year-ago quarter.The reported revenue represents a surprise of +1.56% over the Zacks Consensus Estimate of $9.15 billion. With the consensus EPS estimate being $0.88, the EPS surprise was +7.95%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

Financial Data and Key Metrics Changes - The company reported organic net revenue growth of 4.2% in Q1 2024, with adjusted gross profit dollar growth of 11.6% [8][19] - Adjusted EPS grew by 16.3%, and free cash flow generation exceeded $1 billion [8][28] - Total revenue for emerging markets grew by 8.3%, while developed markets saw a growth of 1.4% [20][24] Business Line Data and Key Metrics Changes - Biscuits and Baked Snacks grew by 0.6%, with brands like Oreo and Ritz showing solid growth, while US Biscuit brands faced ongoing softness [21] - Chocolate category grew by 5.8%, with strong performance from Cadbury Dairy Milk and Milka despite customer disruptions [22] - Gum and Candy experienced a growth of 12.9%, driven by momentum in key markets like China and Mexico [22] Market Data and Key Metrics Changes - North America saw a growth of 1.3%, impacted by softness in the Biscuit market and a shift to non-tracked channels [24] - Europe grew by 4.4%, with strong execution and share gains despite volume declines due to customer disruptions [23] - AMEA (Asia, Middle East, and Africa) grew by 5.9%, with China delivering low double-digit growth and India showing high single-digit growth [25][26] Company Strategy and Development Direction - The company aims to achieve global snacking leadership by investing in brands and capabilities, focusing on core categories of Chocolate, Biscuits, and Baked Snacks [7][11] - The strategy includes capturing synergies from recent acquisitions and enhancing distribution in emerging markets [12][19] - The company is committed to sustainability, with a roadmap for net zero by 2050 and ongoing improvements in mindful snacking priorities [12][13] Management's Comments on Operating Environment and Future Outlook - Management noted challenges in the operating environment, including inflation and consumer sensitivity to price points, particularly among lower-income consumers [10][36] - There is optimism about emerging markets, where consumer confidence remains strong and demand is resilient [9][46] - The outlook for 2024 remains unchanged, with expectations for organic net revenue growth in the range of 3% to 5% [32] Other Important Information - The company is fully covered for cocoa prices in 2024 and is implementing flexible strategies to manage potential price increases [29][30] - The company repurchased $600 million in stock during the quarter, maintaining a strong balance sheet with leverage at about 2.5 times [28] Q&A Session Summary Question: Challenges in North America and actions to protect share - Management acknowledged the slowing category and loss of share, attributing it to inflation and consumer confidence issues, and outlined plans to increase promotional activities and adjust pack sizes to better meet price points [35][36] Question: Any unusual factors for Q2 forecasts - Management reaffirmed guidance for 2024, noting that while the Biscuit category is softer, overall dynamics remain positive, particularly around key consumption events like Chinese New Year and Easter [38][39] Question: Insights on emerging markets - Emerging markets contributed significantly to growth, with strong performance in China and India, while Mexico is expected to recover from integration issues [43][44][46] Question: Cocoa pricing strategy - Management discussed the current high cocoa prices and the expectation of a market correction, emphasizing the need for flexible hedging strategies [50][51] Question: European chocolate market performance - Management noted strong performance in the European chocolate market, which should aid in negotiations with retailers for future pricing [53][54] Question: Gross margin expectations - Management indicated that while Q1 saw strong gross profit dollar growth, cocoa price escalations are expected to impact margins in the second half of the year [60][61] Question: North American consumer confidence and volume trends - Management expressed optimism for improved consumer confidence in the second half of the year, which should positively impact volume trends [68]