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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) announced the acquisition of Chipita S.A., a key player in the Central and Eastern European baked snacks sector, for approximately $2 billion. This strategic move is expected to enhance Mondelēz's presence in the attractive $65 billion global packaged cakes category, adding $580 million in revenue from Chipita's renowned brands, including 7Days. The transaction aims for immediate earnings per share accretion and synergies through procurement and manufacturing. Chipita's strong growth trajectory and innovation capabilities align with Mondelēz's ambition to lead in broader snacking.
Mondelēz International (Nasdaq: MDLZ) announced that Chairman and CEO Dirk Van de Put, along with CFO Luca Zaramella, will present at the 2021 Bernstein Strategic Decisions Conference on June 2 at 11:00 a.m. ET. A listen-only webcast will be available on the company’s website, with a replay following the event. In 2020, Mondelēz reported net revenues of approximately $27 billion, with iconic brands like OREO, Cadbury, and Sour Patch Kids. The company is part of the S&P 500, Nasdaq 100, and Dow Jones Sustainability Index.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) has declared a quarterly dividend of $0.315 per share, payable on July 14, 2021. Shareholders on record as of June 30, 2021 will receive this dividend. Mondelēz reported approximately $27 billion in net revenues for 2020, showcasing its leadership in the snacking industry with popular brands like OREO and Cadbury. The company is recognized on notable indices, including the S&P 500 and Dow Jones Sustainability Index.
NABISCO, the maker of popular snacks like OREO and RITZ, announced its sponsorship of Team USA as the Official Cookie and Cracker sponsor for the Tokyo 2020 Olympic and Paralympic Games. This partnership includes limited-edition products and a consumer promotion under the theme "Snack Together. Win Together." Key athletes such as Simone Biles and Tom Schaar will promote the initiative, celebrating unity and support during the games. Limited-edition themed snacks will be available starting June 14, 2021.
Mondelēz International's innovation hub, SnackFutures, has announced the selection of nine US-based start-ups for its inaugural CoLab program. The 12-week initiative aims to foster growth in the well-being snacking sector, providing mentorship and a $20,000 grant to each participant. This program encourages collaboration between entrepreneurs and Mondelēz's ecosystem, addressing consumer demand for healthier snack options. Participants include brands like Better Bites Bakery and Snacklins, representing diverse backgrounds and innovative products.
Mondelēz International reported a 7.9% increase in net revenues for Q1 2021, with organic growth of 3.8%. Diluted EPS rose to $0.68, a 33.3% increase, while adjusted EPS reached $0.77, up 10.6% on a constant-currency basis. Operating income improved by 49.9% to $1.283 billion, with a margin of 17.7%. The company returned $1.5 billion to shareholders. For FY 2021, Mondelēz anticipates organic net revenue growth of 3%+ and free cash flow exceeding $3 billion.
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