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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 (Nasdaq: MDLZ) announced a significant investment in the Circulate Capital Ocean Fund (CCOF) aimed at enhancing global recycling efforts for plastics, particularly flexible films. This investment, part of Mondelēz's Sustainable Futures platform, focuses on developing infrastructure for plastic waste management across India and Southeast Asia. The initiative aims to collect more plastic waste than the company produces and to prevent over 13 million tonnes of plastic pollution by 2030. Mondelēz is also on track to meet ambitious packaging recyclability goals by 2025.
SnackFutures, the innovation hub of Mondelēz International (Nasdaq: MDLZ), has launched its CoLab 2022 program, inviting applications from mission-driven start-up snack brands dedicated to enhancing social and environmental well-being. Selected participants will receive a $20,000 grant and engage in a 12-week growth-centric curriculum. The program aims to foster collaboration between emerging brands and the established snack leader, providing valuable resources and mentorship. Applications are open until December 2021, with the program set to commence in April 2022.
TRISCUIT has announced the final changemakers for The Missing Ingredients Project, awarding $50,000 each to Jamila Norman of Patchwork City Farms and James Kanoff and Aidan Reilly of The Farmlink Project. This initiative, launched in November 2020 with a $1 million commitment, aims to enhance access to fresh produce in food deserts across the U.S. Approximately 19 million people live in such areas, exacerbated by the pandemic. The grants will help expand these organizations' efforts, tackling food insecurity and community wellness.
Mondelēz International reported a 7.8% increase in net revenues for Q3 2021, driven by 5.5% organic growth, favorable currency impacts, and acquisitions. Diluted EPS rose 14.1% to $0.89, while adjusted EPS grew 9.4% on a constant-currency basis. The company generated $2.7 billion in cash from operations year-to-date, returning $3.2 billion to shareholders. For FY 2021, it raised organic net revenue growth outlook to ~4.5% and reaffirmed adjusted EPS and free cash flow targets. Additionally, it committed to net zero greenhouse gas emissions by 2050.
Mondelēz International (Nasdaq: MDLZ) has committed to achieving net zero greenhouse gas emissions across its entire value chain by 2050. This commitment aligns with the Science Based Targets Initiative and the United Nations Race to Zero Campaign. The company plans to set interim emissions-reduction targets in the next two years and aims to source 100% of its cocoa and wheat sustainably by 2025.
Quotient (NYSE: QUOT) will participate in the Path to Purchase Institute’s Retail Media In Action event alongside Hy-Vee and Mondelēz International. The sessions on October 12 will focus on innovations in retail media and omnichannel marketing, showcasing how these companies leverage technology to enhance shopper engagement. Key speakers will include executives from Quotient, Hy-Vee, and Mondelēz, who will share insights on bridging physical and digital shopping experiences and the importance of measurement in marketing strategies.
Mondelēz International (Nasdaq: MDLZ) will announce its third quarter 2021 financial results on November 2, 2021, at 4:05 PM ET. A conference call will follow at 5:00 PM ET, available via phone and webcast. Investors can access a replay until November 9, 2021. The company reported approximately $27 billion in net revenues for 2020, showcasing its position as a leader in the snacking industry with well-known brands like OREO and Cadbury. For more information, visit www.mondelezinternational.com.
HALLS introduces HALLS minis Sugar Free Cough Drops with sportscaster Joe Buck as the brand ambassador. The drops, available in Cherry, Honey Lemon, and Mentho-lyptus flavors, come in pocket-sized containers for on-the-go relief. Buck, a long-time fan of HALLS, will feature in a creative campaign and a consumer sweepstakes offering winners personalized videos and a chance to meet him in the broadcast booth. Retailing at $2.89, the cough drops contain at least 2.5 mg of menthol for effective relief and aim to cater to busy lifestyles, especially with the cold season approaching.
Mondelēz International (Nasdaq: MDLZ) announced the ratification of new contracts for BCTGM-represented employees at several bakeries and distribution facilities across the U.S. These contracts, effective from March 1, 2021, will boost long-term growth and flexibility in response to increased demand. Key benefits include wage increases, a ratification bonus, enhanced 401(k) contributions, and new flexible scheduling. The company anticipates future growth and investments at these locations, marking a positive step towards resuming normal operations.
Mondelēz International (Nasdaq: MDLZ) announced the pricing of a EUR 300 million offering of senior unsecured bonds, maturing in three years and exchangeable for shares of JDE Peet's N.V. The bonds will not bear interest and will be issued at 102.0% of their principal amount, yielding -0.66%. An initial exchange price is set at EUR 35.40, reflecting a 30% premium. The proceeds are intended for general corporate purposes, including the acquisition of Chipita, while maintaining a 21% stake in JDE Peet’s, post-exchange.
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