Welcome to our dedicated page for Mondelez International news (Ticker: MDLZ), a resource for investors and traders seeking the latest updates and insights on Mondelez International stock.
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.
SnackFutures, the innovation hub of Mondelēz International (Nasdaq: MDLZ), has opened applications for CoLab 2023, its start-up program now in its third year. Selected brands will receive a $20,000 grant and participate in a 12-week curriculum starting in April 2023. The program targets 'DISRUPTIVELY DELICIOUS' snack brands focused on innovative flavors and sustainability. Participants will benefit from mentorship and global insights from Mondelēz experts, aligning with company priorities to drive growth in the snacking industry.
TRIDENT Gum has announced a collaboration with R&B artist Chlöe to launch the #ChewTheVibes Challenge, promoting its new TRIDENT VIBES featuring SOUR PATCH KIDS gum. This innovative sugarless gum, available in Redberry, Blue Raspberry, and exclusive Watermelon flavor, aims to engage consumers through a TikTok challenge from September 13-19, 2022. Participants can showcase their choreography to Chlöe's song for a chance to win signed merchandise and cash prizes. TRIDENT Gum continues its history of creativity, following its milestone as the first gum in space.
Mondelēz International (Nasdaq: MDLZ) announced that CEO Dirk Van de Put and CFO Luca Zaramella will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 7, 2022, at 12:45 PM ET. A live audio webcast of their presentation will be available on the company’s investor website, with an archived version accessible afterward. Mondelēz is a leader in the snacking industry, generating approximately $29 billion in net revenues for 2021 and offering popular brands such as Oreo, Cadbury, and Trident.
Mondelēz International has completed its acquisition of Clif Bar & Company, creating a global snack bar player valued at over $1 billion. This acquisition enhances Mondelēz's focus on sustainable snacking, integrating well-known brands like CLIF®, CLIF Kid®, and LUNA® into its portfolio, which includes Perfect Snacks and Grenade. This strategic move is part of Mondelēz's ongoing effort to prioritize fast-growing snack segments, with previous acquisitions in the last year further consolidating its market position.
Mondelēz International reported a 9.5% increase in net revenues for Q2 2022, with a 13.1% rise in organic net revenue. The company’s diluted EPS fell by 28.9% to $0.54, while adjusted EPS grew by 9.1% on a constant-currency basis to $0.67. Operating cash flow rose to $2 billion, and free cash flow reached $1.6 billion. A 10% dividend increase was announced, and the company raised its full-year organic net revenue growth outlook to over 8%. The acquisition of Clif Bar aims to create a $1 billion snack bar business.
On July 20, 2022, Enjoy Life Natural Brands LLC announced an expansion of its voluntary recall initially issued on June 30th. The recall now includes one additional product and extends the Best By dates of four products due to potential contamination with hard plastic pieces. This recall does not involve allergens and is limited to specific products sold in the U.S. Consumers are advised to discard the recalled items, retaining packaging for refunds. This action is conducted in coordination with the U.S. Food and Drug Administration.
Columbia Sportswear Company (NASDAQ: COLM) announced the appointment of Christiana Smith Shi as a director and member of its Audit Committee, effective July 8, 2022. Shi, founder of Lovejoy Advisors, LLC, brings extensive direct-to-consumer experience from her previous role as President, Direct-to-Consumer at Nike. She also serves on the boards of Mondelēz International (NASDAQ: MDLZ) and United Parcel Service (NYSE: UPS). CEO Tim Boyle expressed enthusiasm about Shi's expertise, which is expected to bolster the company's direct-to-consumer initiatives.
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