Welcome to our dedicated page for Mondelez Intl news (Ticker: MDLZ), a resource for investors and traders seeking the latest updates and insights on Mondelez Intl stock.
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 (Nasdaq: MDLZ) announced the appointment of Ann Mukherjee to its Board of Directors, effective January 1, 2023. Mukherjee, previously Chairwoman and CEO of Pernod Ricard North America, brings extensive experience in consumer packaged goods, including senior roles at S.C. Johnson and PepsiCo. Her expertise in consumer insights, brand innovation, and commercial execution is expected to support Mondelēz's Vision 2030 strategy, aiming to strengthen its position as a leader in global snacking.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) declared a quarterly dividend of $0.385 per share of Class A common stock. This dividend will be paid on January 13, 2023, to shareholders of record by the close of business on December 30, 2022. With 2021 net revenues of approximately $29 billion, Mondelēz continues to lead in the global snacking market with popular brands such as Oreo, Cadbury, and Trident. The company is part of major indices including the S&P 500 and Dow Jones Sustainability Index.
Chips Ahoy! has announced a new cookie flavor, Chewy Confetti Cake Cookies, to celebrate its 60th birthday, launching nationwide in January. This new flavor features confetti cake taste with colorful sprinkles, aiming to appeal to Gen-Z consumers. The cookies are set to retail for $4.99 in family-size packages. With a focus on bringing joy and new sensory experiences, the brand intends to engage customers with this innovative product while maintaining its traditional cookie quality.
Summary not available.
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.
Summary not available.