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Mondelez International, Inc. (Nasdaq: MDLZ) is an American multinational leader in the confectionery, food, and beverage industry, headquartered in Chicago. Since its inception following the split from Kraft Foods North American grocery business in October 2012, Mondelez has established itself as a key player in the global snack food market.
The company generates annual revenues of approximately $26 billion and operates in around 160 countries. Mondelez's diverse product portfolio includes some of the world’s most beloved brands such as Oreo, Chips Ahoy, Halls, and Cadbury. As of the end of fiscal 2023, its business segments are divided into biscuits (49% of sales), chocolate (30%), gum/candy (12%), beverages (3%), and cheese and grocery items (6%). The geographical revenue distribution is also extensive, with over a third coming from developing markets, just more than a third from Europe, and the rest from North America.
In recent developments, Mondelez has joined the Hedera Council, focusing on pioneering distributed ledger technology (DLT) solutions to innovate digital transformation in supply chain management and enhance business processes. They are exploring projects like the SKUx digital payment system to offer real-time consumer offers and improve customer experiences.
Mondelez continues to engage in significant corporate social responsibility initiatives. Notably, the Sour Patch Kids brand has launched the 'Mischief for Change' scholarship program in partnership with the Thurgood Marshall College Fund, which supports students at Historically Black Colleges and Universities (HBCUs).
The company is also proactive in its marketing and community engagement efforts, as demonstrated by the recent 'The Art of (Re)Play' campaign by Oreo in Shanghai. This initiative blends artistic expressions inspired by traditional Chinese culture with modern elements to foster community interaction and promote well-being.
Financially, Mondelez posted robust earnings and free cash flow in the first quarter of 2024, credited to strong pricing execution and effective cost management. Their outlook for 2024 includes a projected organic net revenue growth of 3-5% and high single-digit adjusted EPS growth.
Mondelez’s commitment to sustainable practices is reflected in its progress toward environmental, social, and governance (ESG) goals. The company continues to invest in renewable energy, regenerative agricultural practices, and aims to achieve net-zero carbon emissions by 2050.
With a strong global presence and a focus on innovation and sustainability, Mondelez International is poised to continue leading the snack food industry, driving growth, and creating value for its stakeholders.
Mondelēz International (MDLZ) announces a new collaboration between OREO and Post Malone, launching Edition Post Malone OREO Cookies. The product features a first-ever swirled creme combining salted caramel and shortbread flavors between chocolate and golden cookies. Each cookie includes one of nine unique embossments inspired by Post Malone's world.
The launch includes a digital experience called 'Taste Twist' running from early February through March 31, where fans can create their own OREO flavor combinations based on their musical preferences. The edition cookies will be available for presale starting January 27, with nationwide retail rollout beginning February 3.
This initiative aligns with Mondelēz's strategy of using flavor innovations and collaborations to maintain brand relevance across their snack portfolio. OREO, as part of Mondelēz International, contributes to the company's annual net revenues of approximately $36 billion, with over 20 billion OREO cookies sold annually in the U.S. alone.
Mondelēz International (Nasdaq: MDLZ) has announced it will release its fourth quarter 2024 and full year financial results on Tuesday, February 4, 2025, at 4:05 p.m. ET. The company will host a conference call at 5:00 p.m. ET on the same day.
Investors and analysts can participate via phone using the following numbers: 800-225-9448 (United States) and 203-518-9708 (other locations). A listen-only webcast will be available on the company's website. Participants are advised to dial in approximately 10 minutes before the call begins.
A replay will be accessible until February 11, 2025, by calling 800-839-1180 (US) or 402-220-0400 (other locations) with access code MDLZQ424. The webcast archive will also be available on the company's website.
CHIPS AHOY! is launching its newest product innovation - CHIPS AHOY! Baked Bites, a non-cookie treat in the Blondie variety. These square-shaped, soft-baked treats contain real chocolate chips, are made without high fructose corn syrup, and come in convenient snack packs. The product is now rolling out nationally with a starting retail price of $3.98 per box containing five snack packs.
To celebrate the launch, the brand is running a 'Sweet Getaway' sweepstakes from January 8 to February 19, 2025. Five winners and their guests will win a weekend stay (March 28-30) in specially themed rooms at Arlo Midtown in New York City, while 5,000 second-prize winners will receive a free box of Baked Bites. Additionally, CHIPS AHOY! is introducing a new Chocolate Caramel Cookie to their Original line-up, available in early 2025.
Mondelēz International (MDLZ) has announced a strategic partnership with Amazon Web Services (AWS) as its primary cloud provider. The company has already migrated hundreds of workloads and plans to move its ERP landscape to SAP RISE powered by AWS. The partnership aims to enhance digital innovation, improve operational efficiency, and advance sustainability through AWS's renewable energy focus.
Key elements include improved agility, cost efficiency, and the migration of on-premises SAP systems to achieve better performance, reliability, and AI capabilities. The collaboration aligns with Mondelēz's focus on automation, security, resiliency, and agility to support its strategic growth objectives.
RITZ Bits Cracker Sandwiches (MDLZ) has launched its first new flavor in nearly a decade - Spicy Queso. This product innovation combines rich, creamy cheese flavor with a spicy kick, responding to consumer demands for bold flavors. The new flavor follows the successful launch of RITZ Toasted Chips' Sweet Habanero flavor earlier this year.
The product will be available in 3oz snack-sized bags at convenience stores starting December 2024, with 8.8oz boxes hitting major food retailers in February 2025. This launch represents RITZ's strategic expansion of its flavor portfolio, targeting consumers seeking exciting snacking options.
Mondelēz International (NASDAQ: MDLZ) announced a new $9 billion share repurchase authorization, effective January 1, 2025, through December 31, 2027. This replaces the current $6 billion authorization, which has $2.8 billion remaining and expires December 31, 2025. The Board also declared a regular quarterly dividend of $0.47 per share, payable January 14, 2025.
The company reaffirmed its capital allocation priorities, including brand reinvestment, capabilities enhancement, and bolt-on acquisitions similar to Chipita, Clif, and Ricolino. Given current market conditions, share repurchase remains a key priority, alongside the company's focus on accelerating growth in chocolate, biscuits, and baked snacks categories.
Mondelēz Global has expanded its partnership with ISN to include contractor management for 12 additional Give & Go business unit sites. ISN will help streamline contractor safety and compliance through oversight, training, compliance tracking, and performance evaluations. The company has been an ISN client since 2013, initially managing 24 sites, and has achieved an 11% decrease in incident rates over the past six years. This expansion demonstrates Mondelēz's continued commitment to maintaining operational excellence and safety standards across its growing network.
RITZ Crackers, owned by Mondelēz International (MDLZ), announces its first-ever Big Game advertisement scheduled for February 9, 2025. The brand will air a 30-second spot created by The Martin Agency, directed by Jake Szymanski, and produced by Gifted Youth and PXP. The campaign will include paid media, retail, PR, and social amplification.
This marks the second consecutive year a Mondelēz International brand will appear during the Big Game ad break. The initiative is part of the company's strategy to evolve its marketing approach and maintain competitiveness in the snacking category. Mondelēz International reported net revenues of approximately $36 billion in 2023.
Mondelēz International (Nasdaq: MDLZ) has appointed Volker Kuhn as Executive Vice President and President, Europe, effective April 1, 2025. Kuhn will replace Vinzenz Gruber, who is retiring from the company. Kuhn joins from Reckitt's hygiene business, where he drove performance improvements through innovation and consumer focus. Previously, he spent 26 years at Procter & Gamble, managing various transformations across multiple regions and led the Pringles division in Europe. His appointment aims to accelerate growth in Mondelēz's European region while strengthening consumer loyalty to the company's brands.
Chips Ahoy! announces collaboration with GRAMMY-nominated artist Big Sean at ComplexCon to launch their biggest innovation - Chips Ahoy! Big Chewy Cookie. The new cookie, over three times larger than regular Chewy cookies, comes in three flavors: Chocolatey Chip, Chocolatey Brownie, and Chocolatey Caramel.
The collaboration includes an exclusive merch collection featuring cookie-inspired designs and Big Sean's Don Life mantra. The collection will debut at ComplexCon Las Vegas on November 16, featuring items like a Don Life T-shirt, chocolate brown sweatshirt, oversized tote bag, and nostalgic lunchbox tin. Fans can win the exclusive merchandise through an online sweepstakes running from November 12-27.
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