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Mondelēz International, Inc. develops and markets global snack brands across biscuits and baked snacks, chocolate, gum and candy, beverages, and cheese and grocery categories. News for MDLZ commonly covers earnings releases, pricing and volume trends, input costs, advertising and promotion spending, productivity, cash flow, and returns of capital to shareholders.
Company updates also include product innovation and brand campaigns for names such as Oreo, Ritz, Chips Ahoy!, Cadbury, Toblerone, CLIF, LUNA, Nilla, Sour Patch Kids, Swedish Fish, BelVita, LU, Tate's Bake Shop, Milka, and Toblerone. Other recurring developments include limited-edition collaborations, retail promotions, manufacturing investments, and capacity or innovation projects within the company's global snack portfolio.
Mondelēz International released its third annual State of Snacking report, revealing that 64% of consumers prefer snacking over traditional meals, marking a 5% increase since 2019. The report highlights a growing trend towards mindfulness and well-being in snacking decisions. Key findings include that 85% of consumers snack daily for indulgence, and 86% value control over their choices. The survey also indicates that consumers increasingly seek snacks aligned with their values, with 78% focusing on low waste packaging. The insights aim to inform Mondelēz's strategy in becoming a leader in the snacking market.
Mondelēz International (Nasdaq: MDLZ) plans to release its fourth quarter 2021 financial results on January 27, 2022, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. Interested parties can join the call by dialing in or via a listen-only webcast available on the company’s website. A replay of the call will be accessible until February 3, 2022. The company reported net revenues of approximately $27 billion for 2020 and operates in over 150 countries, featuring brands like OREO and Cadbury Dairy Milk.
Mondelēz International (Nasdaq: MDLZ) has completed the acquisition of Chipita Global S.A., a leader in the Central and Eastern European baked snacks market. This acquisition marks a significant milestone in Mondelēz's strategy to enhance its growth in the $65 billion global packaged baked snacks sector. Chipita, established over 40 years ago, serves two billion consumers in over 50 countries, bringing a strong portfolio, including beloved brands like 7Days. The integration aims to leverage Chipita’s distribution network and innovation capabilities, reinforcing Mondelēz’s position in fast-growing European markets.
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The Board of Directors of Mondelēz International (Nasdaq: MDLZ) has declared a quarterly dividend of $0.35 per share of Class A common stock. This dividend will be paid on January 14, 2022, to shareholders of record as of the close of business on December 31, 2021.
Mondelēz reported 2020 net revenues of approximately $27 billion and is recognized for brands like OREO, Cadbury, and Sour Patch Kids. The company is part of the S&P 500 and the Dow Jones Sustainability Index.
On December 9, 2021, TRISCUIT, in collaboration with the Partnership for a Healthier America (PHA), announced an initiative to provide 600,000 servings of fresh produce to 1,000 food-insecure families in Washington D.C.'s Ward 8 over 12 weeks. This program, part of PHA's Good Food for All initiative, aims to improve food access in areas with limited options. Families will receive weekly deliveries of high-quality fruits and vegetables along with recipes and TRISCUIT crackers. Since its launch in 2020, Good Food for All has provided over 15 million servings nationwide.
Mondelēz International (Nasdaq: MDLZ) announced the appointment of Ertharin Cousin to its Board of Directors, effective January 1, 2022. Cousin, who is the Founder, President, and CEO of the Food Systems of the Future Institute, brings over 30 years of experience in the food industry. Her previous roles include Executive Director of the United Nations World Food Programme and Senior Vice President at Albertsons Companies. This appointment expands the Board to 13 members, aiming to enhance the company's expertise in food policy and sustainability as it advances its ESG priorities.
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.