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Mondelez forecasts annual revenue, profit below expectations
Reuters· 2026-02-03 21:22
Core Viewpoint - Mondelez International, the parent company of Cadbury, has projected annual revenue and profit figures that fall short of Wall Street expectations, indicating a shift in consumer behavior towards lower-priced products [1] Group 1: Financial Forecast - The company forecasts annual revenue and profit below Wall Street estimates, reflecting challenges in the premium segment of its product offerings [1] - Shoppers are increasingly opting for cheaper alternatives instead of higher-priced chocolates and biscuits, impacting sales [1] Group 2: Consumer Behavior - There is a noticeable trend of consumers trading down from premium products to more affordable options, which may affect the overall market dynamics for confectionery and snack products [1]