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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 announced that CEO Dirk Van de Put and CFO Luca Zaramella will participate in a fireside chat at the Deutsche Bank Global Consumer Conference on June 4, 2024, at 05:15 p.m. CEST.
Interested parties can access a listen-only webcast and a replay on the company's investor website.
Mondelēz International has inaugurated its Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, investing over $5 million USD. This new facility aims to enhance innovation and product development across Southeast Asia, Australia, New Zealand, and Japan. The lab will serve as a Centre of Excellence, promoting co-innovation and creative development in the biscuits and baked snacks category.
Established within the existing Singapore Technical Centre, this lab expands on capabilities in Product Development, Packaging, Process Technology, Consumer Science, Analytical Science, Ingredient Research, and Regulatory Affairs. The facility aims to accelerate Mondelēz’s mission to create 'the right snack, for the right moment, made the right way' and supports the company's focus on mindful snacking, portion balance, and flavor innovation.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) announced a regular quarterly dividend of $0.425 per share of Class A common stock. This dividend will be payable on July 12, 2024, to shareholders who are on record as of the close of business on June 28, 2024.
Mondelēz International announced the opening of applications for the second year of its CoLab Tech program, an R&D accelerator targeting start-ups in nutrition, ingredients, packaging, and sustainability. The program will select up to ten companies, offering an 8-week curriculum featuring virtual sessions, one-on-one mentorship, and potential for proof-of-concept testing. This initiative aligns with Mondelēz's strategy to drive innovation in chocolate, biscuits, and baked snacks, providing early access to new technologies that could lead to breakthrough products. The program is open to global start-ups with a minimum viable product and at least five employees. Diverse and minority board members are a plus for selection.
The OREO brand announced a collaboration with Lucasfilm to release Special Edition Star Wars OREO Cookie Packs. The packs, debuting on May 30 for presale and in stores from June 10, will feature either dark side or light side themed OREO cookies with red or blue creme, respectively. Each pack includes 10 different character embossments from the Star Wars universe. Additionally, the packaging includes artwork by Greg Hildebrandt, renowned Star Wars poster artist. This -time product aims to enhance OREO's cultural relevance and provide fans with a unique and engaging experience.
CLIF BAR has re-launched its 'Loop the Lincoln' 5K event during Organic Week 2024, taking place from May 14-16 in Washington, D.C. The initiative aims to advance organic food and farming practices by gathering policy leaders and industry influencers. Notable participants included ultramarathoner Scott Jurek, Congressional staffers, and the Organic Trade Association. CLIF BAR, a leader in sustainability with a 20-year commitment to organic sourcing, is advocating for land access, conservation, and funding for organic research. The event underscores CLIF BAR's dedication to a sustainable food system and its collaboration with the Organic Trade Association to drive organic policy priorities forward.
Mondelēz International will showcase key innovations and collaborations at the 2024 Sweets and Snacks Expo in Indianapolis on May 15. The event will feature an educational session led by Francesca Hahn, the U.S. Vice President of Digital Commerce, on enhancing online experiences and revenue through omnichannel strategies. Mondelēz aims to drive sustainable growth by reinvesting in its brands and leveraging digital personalization and customer-centric approaches. The company has committed $1 billion to become a leader in digital snacking by 2030. Key highlights include the introduction of Edition Sour Patch Kids flavored OREO cookies. This initiative aligns with Mondelēz's strategy to meet evolving consumer demands, particularly in online shopping trends.
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.
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