Mondelez Intl Stock Price, News & Analysis

Mondelēz International reported a 8.1% increase in net revenues and 12.1% organic net revenue growth for Q3 2022. Despite a 56.2% decline in diluted EPS to $0.39, adjusted EPS rose 15.7% to $0.74 on a constant currency basis. Year-to-date cash flow decreased to $2.5 billion. The company raised its organic revenue growth outlook to 10% and closed key acquisitions, including Clif Bar. Operating income fell 47.5% to $679 million, attributed to increased costs and integration expenses. The firm plans to invest $1 billion in its Cocoa Life program by 2030.

OREO has unveiled a short film titled "Return to Pawfice" aimed at providing a light-hearted break for adults, particularly in the context of post-Halloween work routines. The film, released on November 1, 2022, features eight playful dogs taking over the OREO office in East Hanover, New Jersey. This initiative is part of a collaboration with Microsoft 365 to promote the THINVITE program, offering snack breaks for employees. Fans can view the 15-minute video on platforms like YouTube and participate in the THINVITE events scheduled for November 2 and 3.

Mondelēz International (Nasdaq: MDLZ) has announced the next phase of its Cocoa Life program, committing an additional $600 million by 2030, bringing total investment to $1 billion since its inception. The initiative aims to work with approximately 300,000 cocoa farmers and enhance sustainability efforts, addressing environmental and human rights challenges. Notably, net incomes for farmers in Ghana and Côte d’Ivoire have risen significantly. Cocoa Life's integrated approach tackles productivity, child labor, and deforestation, with sustainability now a core pillar of Mondelēz's growth strategy.

RITZ, in collaboration with Chef Marcus Samuelsson, launched the "Friendsgiving Chef Service" Sweepstakes, allowing one winner to host a Friendsgiving for 10 with a gourmet meal prepared by Samuelsson at his NYC restaurant, Hav & Mar. This initiative is part of RITZ's holiday campaign, "Our Holidays," celebrating diverse traditions and cuisines. Meal kits inspired by the campaign will be available via Goldbelly. The campaign features a national TV ad and a limited-edition cookbook, co-created with Bon Appétit, highlighting immigrant family recipes. Entries for the sweepstakes are open until November 1.

Mondelēz International (Nasdaq: MDLZ) is set to release its Q3 2022 financial results on November 1, 2022, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, accessible via phone or a live webcast. Investors are encouraged to dial in 10 minutes early for the call. A replay will be available until November 8, 2022. In 2021, Mondelēz reported net revenues of approximately $29 billion, showcasing its global presence in the snack industry with popular brands like Oreo and Cadbury. The company is also a member of major stock indices.

SnackFutures, the innovation hub of Mondelēz International (Nasdaq: MDLZ), has opened applications for CoLab 2023, its start-up program now in its third year. Selected brands will receive a $20,000 grant and participate in a 12-week curriculum starting in April 2023. The program targets 'DISRUPTIVELY DELICIOUS' snack brands focused on innovative flavors and sustainability. Participants will benefit from mentorship and global insights from Mondelēz experts, aligning with company priorities to drive growth in the snacking industry.