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.
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Mondelēz International reported a 7.9% increase in net revenues for Q1 2021, with organic growth of 3.8%. Diluted EPS rose to $0.68, a 33.3% increase, while adjusted EPS reached $0.77, up 10.6% on a constant-currency basis. Operating income improved by 49.9% to $1.283 billion, with a margin of 17.7%. The company returned $1.5 billion to shareholders. For FY 2021, Mondelēz anticipates organic net revenue growth of 3%+ and free cash flow exceeding $3 billion.
HALLS, America’s #1 cough drop brand, has partnered with TerraCycle to make cough and throat drop packaging nationally recyclable in the U.S. This initiative allows consumers to recycle any brand of cough drop packaging, earning points that can be donated to charities. The program is free, encouraging easy participation. HALLS aims for sustainable solutions as part of this partnership, enhancing its commitment to the environment. In 2020, Mondelēz International, the parent company of HALLS, generated approximately $27 billion in net revenues, indicating robust market strength.
Mondelēz International (Nasdaq: MDLZ) and Olam Food Ingredients (OFI) have partnered to establish the world’s largest sustainable cocoa farm in Indonesia, covering 2,000 hectares on Seram Island. This initiative aims to enhance sustainable cocoa sourcing and tackle challenges like rising temperatures and low yields. The project will create 700 local jobs, with nearly half for women, and aims to improve farmer livelihoods and restore deforested areas. Over 1,080 hectares have already been planted, promoting biodiversity and carbon capture, while also providing healthcare and education access for local families.
The SOUR PATCH KIDS brand, under Mondelēz International, is launching its first-ever mystery flavor, inviting fans to participate in a guessing game for a chance to win $50,000. Starting April 1, 2021, fans can submit their guesses online, inspired by weekly clues shared on social media platforms. The mystery flavor will be revealed in August 2021, along with the grand prize winner announcement. This promotional campaign aims to engage loyal customers and enhance brand visibility, with the limited-edition flavor now available nationwide.
Mondelēz International (Nasdaq: MDLZ) will announce its first quarter 2021 financial results on April 27, 2021, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, which investors can join by calling 1-800-322-9079 in the U.S. or 1-973-582-2717 internationally. A replay of the call will be accessible until April 29, 2021. In 2020, the company reported approximately $27 billion in net revenues, leading the snack sector with brands like OREO and Cadbury. Detailed financial insights and future guidance will be provided during the call.
Mondelēz International (Nasdaq: MDLZ) announced the redemption prices for its outstanding notes. The 1.000% Notes, redeemable on March 31, 2021, will cost €1,014.32 plus €0.65753 accrued interest, totaling €1,014.98 per €1,000. The 1.625% Notes will redeem for €1,038.25 plus €3.11644 interest, totaling €1,041.37. The 2.125% Notes will redeem for $1,032.63 plus $9.92 interest, totaling $1,042.55. Lastly, the 4.000% Notes will redeem for $1,099.87 plus $6.67 interest, totaling $1,106.54. This move is part of the company's ongoing financial strategy.
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Mondelēz International (Nasdaq: MDLZ) announced an agreement to acquire a majority stake in Grenade, a UK performance nutrition brand specializing in high-protein bars. The acquisition aims to enhance its presence in the snacking and well-being segments, with Grenade holding a 13% market share in the UK's snack bar category. Grenade's successful products, including the best-selling Carb Killa® bar, will complement Mondelēz's brand portfolio. The deal is expected to close by the end of March, with Grenade continuing to operate independently under its current leadership.
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