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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.
Chips Ahoy! brand launches its first-ever gluten-free chocolate chip cookie, a major innovation in response to consumer demand. The product underwent extensive development to ensure a superior taste and texture, delighting both cookie fans and the gluten-free community. This launch follows the success of OREO Gluten-Free cookies and signals Mondelēz International's commitment to expanding its gluten-free offerings. The Chips Ahoy! Gluten-Free cookies will be available nationwide in May, marking a significant milestone for the brand.
CLIF BAR has launched a new integrated advertising campaign, 'The Most Important Ingredient is You,' emphasizing the role consumers play in turning CLIF BAR goodness into everyday greatness. The campaign features world-renowned CLIF Athletes and everyday people showcasing how they turn personal passions into action. The brand aims to deepen its connection with consumers by highlighting how its products fuel individual actions and accomplishments. The campaign includes video ads on broadcast TV, the TradeDesk, and YouTube, along with social media content on Instagram, TikTok, and Facebook.
Mondelēz International, Inc. (NASDAQ: MDLZ) has had its near-term 2030 greenhouse gas reduction targets and 2050 net-zero target validated by the Science Based Targets initiative (SBTi). This approval showcases the company's commitment to sustainability and creating a more sustainable snacking company. Mondelēz International has made significant progress in reducing emissions, increasing renewable energy usage, and designing recyclable packaging. These efforts align with the company's Vision 2030 growth strategy, highlighting sustainability as a important focus.
Mondelēz International reported Q1 2024 results with net revenues increasing by 1.4% driven by Organic Net Revenue growth of 4.2%. Despite a challenging operating environment, the company posted solid top-line results with strong pricing execution and effective cost management. Diluted EPS was $1.04, down 31.6%, while Adjusted EPS was $0.95, up 16.3%. Cash provided by operating activities was $1.3 billion, with a return of capital to shareholders at $1.1 billion.
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