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.
PopUp Bagels and OREO® have joined forces to create a -edition flavor: Cookies and Cream Cheese Made With OREO®. This innovative blend combines PopUp Bagels' fluffy schmear with the iconic crunch and flavor of OREO® cookies, offering a sweet topping for bagel enthusiasts. The new product will be available exclusively at PopUp Bagels locations from August 14 to August 20, 2024. Pre-orders begin on August 11 at www.PopupBagels.com, allowing fans to secure their batch of this unique collaboration. Adam Goldberg, Founder at PopUp Bagels, expressed excitement about bringing OREO® cookies into the PopUp Bagels experience, describing the blend as 'truly something special'.
Mondelēz International (Nasdaq: MDLZ) reported Q2 2024 results with mixed performance. Net revenues decreased -1.9%, while Organic Net Revenue grew +2.5%. Diluted EPS fell -34.8% to $0.45, but Adjusted EPS rose +25.0% to $0.86 on a constant currency basis. The company maintained strong cash flow, with year-to-date operating cash flow at $2.1 billion. Mondelēz announced an 11% increase in quarterly dividend and is launching a transformative ERP program for enterprise efficiencies. Despite challenges, the company remains focused on its long-term growth agenda and is well-positioned for the second half of 2024 with completed European pricing, new U.S. value offerings, and expansion in emerging markets.
CLIF BAR has launched a summer sweepstakes offering thousands of outdoor-themed prizes to encourage people to spend more time in nature. The Take a Trip with CLIF Instant Win & Sweepstakes includes two grand prizes of expenses-paid REI Co-op Adventure Travel trips for winners and three guests each. Other prizes include GPS watches, tents, and daypacks.
The initiative aligns with CLIF BAR's mission to 'feed adventure' and promote equitable access to outdoor activities. To enter, consumers must upload a receipt showing purchase of a CLIF BAR multi-pack at clifbar.com/buyaclif. The sweepstakes runs through October 1, 2024. CLIF BAR is also partnering with nonprofits like Outdoor Afro and Climbing for Change to address barriers to outdoor access.
Mondelēz International has released its 2023 Snacking Made Right Report, outlining ambitious sustainability goals and a net-zero emissions roadmap. The company aims to reduce absolute end-to-end GHG emissions by 35% by 2030 and achieve net-zero emissions by 2050, compared to a 2018 baseline. These targets have been validated by the Science Based Targets initiative (SBTi).
Mondelēz is focusing on three key drivers to reduce carbon emissions: deforestation-free practices, regenerative agriculture, and avoiding fossil fuels. The company has joined the UN's "Race to Zero" campaign and signed the SBTi's Business Ambition for 1.5°C. Their carbon footprint assessment covers emissions from field to shelf, addressing approximately 90% of these emissions in their goal boundary.
The report highlights Mondelēz's commitment to sustainable business practices and its efforts to support resilience across supply chains and communities.
Mondelēz International (Nasdaq: MDLZ) has appointed Filippo Catalano as Chief Information and Digital Officer (CIDO). Catalano, who will join later this year, will report directly to CEO Dirk Van de Put and lead the company's global technology transformation to drive long-term growth. His extensive experience includes serving as CIDO at Reckitt, where he led significant growth and expansion through digital transformation, and as Global CIO at Nestlé, where he transformed technology platforms and processes.
Catalano's appointment is expected to accelerate Mondelēz's enterprise-wide technology agenda and digital evolution. His background in implementing AI, machine learning, and advanced analytics platforms in leading consumer packaged goods companies aligns with Mondelēz's goal of enhancing its digital capabilities and omnichannel operations.
CLIF BAR's Zbar brand has announced a $1M partnership with KABOOM! to build nature-based play spaces for kids in underserved areas. The initiative aims to create climate-friendly playgrounds with sustainable designs, addressing the lack of outdoor play opportunities for children. Zbar will also support KABOOM!'s research and programming for climate-forward playground design.
The partnership includes advocacy for government investment in equitable access to outdoor play spaces. To promote outdoor activities, Zbar is sponsoring a 'Calling All Outdoors Experts' sweepstakes, offering prizes like REI gift cards and a year's supply of Zbar snacks. The initiative kicks off on July 23 in Oakland, CA, with a 'Nature Design Jam Day' involving local children in future playground designs.
Mondelēz International's 2023 Snacking Made Right Report outlines the company's comprehensive approach to climate change. The strategy interconnects goals across responsible sourcing, social sustainability, and human rights. Key focus areas include:
1. Enhancing social sustainability and respecting human rights in their value chain.
2. Pursuing net-zero carbon emissions across the full value chain by 2050, with a 35% reduction target by 2030.
3. Aiming for no deforestation across primary commodities by 2025, focusing on cocoa, palm oil, soy, and paper materials.
4. Increasing regenerative agricultural practices to improve resilience and reduce carbon emissions.
The report highlights Mondelēz's signature programs like Cocoa Life, which reached around 243,000 cocoa farmers in 2023, and efforts in sustainable palm oil sourcing. The company emphasizes collaboration with industry partners and transparency in reporting progress towards its climate goals.
Mondelēz International (Nasdaq: MDLZ) is set to announce its Q2 2024 financial results on July 30, 2024, at 4:05 p.m. ET. The company will host a conference call at 5:00 p.m. ET to discuss the results. Investors and analysts can join via phone by dialing (800) 245-3047 in the U.S. or (203) 518-9765 internationally, 10 minutes before the call. A listen-only webcast will be available on the company’s website, with a replay accessible until August 6, 2024, using different phone numbers and access code MDLZQ224. An archived webcast will also be available on the Mondelēz website.
SOUR PATCH KIDS partners with Snapple to introduce a -edition candy mix featuring Snapple-inspired flavors: Mango Madness, Kiwi Strawberry, and Fruit Punch. Arriving in stores nationwide, the collaboration merges the popular sour-then-sweet taste of SOUR PATCH KIDS with Snapple's iconic juice flavors.
Alongside the launch, a virtual trivia game on TikTok, starting August 1, offers participants a chance to win up to $1,000. Fans can test their knowledge by discerning Snapple's Real Facts from SOUR PATCH KIDS' playful statements.
The -edition candy is available at major retailers in 3.61 oz bags for $1.28 and 8.02 oz bags for $2.88. Mondelēz International’s Swedish Fish brand will also release Snapple-inspired flavors. The promotion ends on August 30, 2024.
Mondelēz International released its 2023 'Snacking Made Right Report,' emphasizing its commitment to producing safe, high-quality snacks.
The company maintained 100% certification to GFSI standards for internal manufacturing and raw material suppliers, while external manufacturing and food contact packaging suppliers maintained 99% and 97% GFSI certification, respectively.
Mondelēz employs advanced risk management processes and adheres to HACCP system standards to ensure product safety and integrity. In 2023, the company trained 8,800 employees and 4,200 suppliers on food quality and safety.
The company is an active member of the GFSI and participates in global standard-setting organizations. Its CEO co-chairs the CGF Food Safety Coalition, underscoring Mondelēz's leadership in global food safety initiatives.
For further details, visit the full report on 3blmedia.com.