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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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NABISCO, the maker of popular snacks like OREO and RITZ, announced its sponsorship of Team USA as the Official Cookie and Cracker sponsor for the Tokyo 2020 Olympic and Paralympic Games. This partnership includes limited-edition products and a consumer promotion under the theme "Snack Together. Win Together." Key athletes such as Simone Biles and Tom Schaar will promote the initiative, celebrating unity and support during the games. Limited-edition themed snacks will be available starting June 14, 2021.
Mondelēz International's innovation hub, SnackFutures, has announced the selection of nine US-based start-ups for its inaugural CoLab program. The 12-week initiative aims to foster growth in the well-being snacking sector, providing mentorship and a $20,000 grant to each participant. This program encourages collaboration between entrepreneurs and Mondelēz's ecosystem, addressing consumer demand for healthier snack options. Participants include brands like Better Bites Bakery and Snacklins, representing diverse backgrounds and innovative products.
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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.