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.
TRIDENT Gum has announced a collaboration with R&B artist Chlöe to launch the #ChewTheVibes Challenge, promoting its new TRIDENT VIBES featuring SOUR PATCH KIDS gum. This innovative sugarless gum, available in Redberry, Blue Raspberry, and exclusive Watermelon flavor, aims to engage consumers through a TikTok challenge from September 13-19, 2022. Participants can showcase their choreography to Chlöe's song for a chance to win signed merchandise and cash prizes. TRIDENT Gum continues its history of creativity, following its milestone as the first gum in space.
Mondelēz International (Nasdaq: MDLZ) announced that CEO Dirk Van de Put and CFO Luca Zaramella will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 7, 2022, at 12:45 PM ET. A live audio webcast of their presentation will be available on the company’s investor website, with an archived version accessible afterward. Mondelēz is a leader in the snacking industry, generating approximately $29 billion in net revenues for 2021 and offering popular brands such as Oreo, Cadbury, and Trident.
Mondelēz International has completed its acquisition of Clif Bar & Company, creating a global snack bar player valued at over $1 billion. This acquisition enhances Mondelēz's focus on sustainable snacking, integrating well-known brands like CLIF®, CLIF Kid®, and LUNA® into its portfolio, which includes Perfect Snacks and Grenade. This strategic move is part of Mondelēz's ongoing effort to prioritize fast-growing snack segments, with previous acquisitions in the last year further consolidating its market position.
Mondelēz International reported a 9.5% increase in net revenues for Q2 2022, with a 13.1% rise in organic net revenue. The company’s diluted EPS fell by 28.9% to $0.54, while adjusted EPS grew by 9.1% on a constant-currency basis to $0.67. Operating cash flow rose to $2 billion, and free cash flow reached $1.6 billion. A 10% dividend increase was announced, and the company raised its full-year organic net revenue growth outlook to over 8%. The acquisition of Clif Bar aims to create a $1 billion snack bar business.
On July 20, 2022, Enjoy Life Natural Brands LLC announced an expansion of its voluntary recall initially issued on June 30th. The recall now includes one additional product and extends the Best By dates of four products due to potential contamination with hard plastic pieces. This recall does not involve allergens and is limited to specific products sold in the U.S. Consumers are advised to discard the recalled items, retaining packaging for refunds. This action is conducted in coordination with the U.S. Food and Drug Administration.
Columbia Sportswear Company (NASDAQ: COLM) announced the appointment of Christiana Smith Shi as a director and member of its Audit Committee, effective July 8, 2022. Shi, founder of Lovejoy Advisors, LLC, brings extensive direct-to-consumer experience from her previous role as President, Direct-to-Consumer at Nike. She also serves on the boards of Mondelēz International (NASDAQ: MDLZ) and United Parcel Service (NYSE: UPS). CEO Tim Boyle expressed enthusiasm about Shi's expertise, which is expected to bolster the company's direct-to-consumer initiatives.
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Mondelēz International (Nasdaq: MDLZ) will announce its Q2 2022 financial results on July 26, 2022, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. Investors can join by calling 800-267-6316 in the U.S. or 203-518-9856 internationally. A listen-only webcast will be available on their website. A replay of the call can be accessed until August 2, 2022, with the access code MDLZQ22022. Mondelēz reported net revenues of approximately $29 billion in 2021 and is known for its global brands like Oreo and Cadbury.
Enjoy Life Natural Brands LLC has announced a voluntary recall of select baked snacks due to potential contamination with hard plastic pieces, discovered through internal quality assurance checks. This recall affects specific products with defined Best By Dates, currently available in retail and online in the U.S. and Canada. No injuries or illnesses have been reported. Consumers are advised to discard the affected products while retaining packaging for refunds. The recall is performed in coordination with the U.S. Food and Drug Administration and the Canadian Food Inspection Agency.
Mondelēz International has announced its acquisition of Clif Bar & Company for $2.9 billion, aiming to enhance its snack bar portfolio. This deal will consolidate Mondelēz's leading brands like CLIF®, LUNA®, and CLIF Kid®, expanding its global snack bar business to over $1 billion. The transaction aligns with Mondelēz's strategy to focus on fast-growing snacking segments and is projected to be accretive in year two, generating cost synergies through expanded distribution.