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.
SnackFutures, the innovation hub of Mondelēz International (Nasdaq: MDLZ), has launched its CoLab 2022 program, inviting applications from mission-driven start-up snack brands dedicated to enhancing social and environmental well-being. Selected participants will receive a $20,000 grant and engage in a 12-week growth-centric curriculum. The program aims to foster collaboration between emerging brands and the established snack leader, providing valuable resources and mentorship. Applications are open until December 2021, with the program set to commence in April 2022.
TRISCUIT has announced the final changemakers for The Missing Ingredients Project, awarding $50,000 each to Jamila Norman of Patchwork City Farms and James Kanoff and Aidan Reilly of The Farmlink Project. This initiative, launched in November 2020 with a $1 million commitment, aims to enhance access to fresh produce in food deserts across the U.S. Approximately 19 million people live in such areas, exacerbated by the pandemic. The grants will help expand these organizations' efforts, tackling food insecurity and community wellness.
Mondelēz International reported a 7.8% increase in net revenues for Q3 2021, driven by 5.5% organic growth, favorable currency impacts, and acquisitions. Diluted EPS rose 14.1% to $0.89, while adjusted EPS grew 9.4% on a constant-currency basis. The company generated $2.7 billion in cash from operations year-to-date, returning $3.2 billion to shareholders. For FY 2021, it raised organic net revenue growth outlook to ~4.5% and reaffirmed adjusted EPS and free cash flow targets. Additionally, it committed to net zero greenhouse gas emissions by 2050.
Mondelēz International (Nasdaq: MDLZ) has committed to achieving net zero greenhouse gas emissions across its entire value chain by 2050. This commitment aligns with the Science Based Targets Initiative and the United Nations Race to Zero Campaign. The company plans to set interim emissions-reduction targets in the next two years and aims to source 100% of its cocoa and wheat sustainably by 2025.
Quotient (NYSE: QUOT) will participate in the Path to Purchase Institute’s Retail Media In Action event alongside Hy-Vee and Mondelēz International. The sessions on October 12 will focus on innovations in retail media and omnichannel marketing, showcasing how these companies leverage technology to enhance shopper engagement. Key speakers will include executives from Quotient, Hy-Vee, and Mondelēz, who will share insights on bridging physical and digital shopping experiences and the importance of measurement in marketing strategies.
Mondelēz International (Nasdaq: MDLZ) will announce its third quarter 2021 financial results on November 2, 2021, at 4:05 PM ET. A conference call will follow at 5:00 PM ET, available via phone and webcast. Investors can access a replay until November 9, 2021. The company reported approximately $27 billion in net revenues for 2020, showcasing its position as a leader in the snacking industry with well-known brands like OREO and Cadbury. For more information, visit www.mondelezinternational.com.
HALLS introduces HALLS minis Sugar Free Cough Drops with sportscaster Joe Buck as the brand ambassador. The drops, available in Cherry, Honey Lemon, and Mentho-lyptus flavors, come in pocket-sized containers for on-the-go relief. Buck, a long-time fan of HALLS, will feature in a creative campaign and a consumer sweepstakes offering winners personalized videos and a chance to meet him in the broadcast booth. Retailing at $2.89, the cough drops contain at least 2.5 mg of menthol for effective relief and aim to cater to busy lifestyles, especially with the cold season approaching.
Mondelēz International (Nasdaq: MDLZ) announced the ratification of new contracts for BCTGM-represented employees at several bakeries and distribution facilities across the U.S. These contracts, effective from March 1, 2021, will boost long-term growth and flexibility in response to increased demand. Key benefits include wage increases, a ratification bonus, enhanced 401(k) contributions, and new flexible scheduling. The company anticipates future growth and investments at these locations, marking a positive step towards resuming normal operations.
Mondelēz International (Nasdaq: MDLZ) announced the pricing of a EUR 300 million offering of senior unsecured bonds, maturing in three years and exchangeable for shares of JDE Peet's N.V. The bonds will not bear interest and will be issued at 102.0% of their principal amount, yielding -0.66%. An initial exchange price is set at EUR 35.40, reflecting a 30% premium. The proceeds are intended for general corporate purposes, including the acquisition of Chipita, while maintaining a 21% stake in JDE Peet’s, post-exchange.
Mondelēz International has launched an offering of approximately EUR 300 million in senior unsecured bonds through its subsidiary, Mondelez International Holdings Netherlands B.V. The bonds, which will mature in three years and bear no interest, are exchangeable into shares of JDE Peet’s N.V. The expected exchange price will be at a premium of 30% to 35% over the reference price. The proceeds will support general corporate purposes, including the Chipita acquisition. Following full exchange, the issuer would retain approximately 21% stake in JDE Peet’s.