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 (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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Mondelēz International (NASDAQ: MDLZ) has announced its acquisition of Gourmet Food Holdings Pty Ltd, an Australian company known for its premium biscuit and cracker products. This move enhances Mondelēz's position in the fast-growing premium and well-being food segment in Australia and New Zealand (ANZ). With brands like OB finest and Olina's Bakehouse, Gourmet Food is a leader in its category. The deal, which is expected to close in April 2021, includes Gourmet Food's prepackaged seafood business and is anticipated to accelerate Mondelēz's growth in the region.
Hu Products has announced a nationwide voluntary recall of its Chocolate Covered Hunks - Sour Goldenberries product due to undeclared almonds, posing a serious risk to individuals with almond allergies. The recall affects only the 4 oz. bag with UPC 850180006510, lot code 202891, and a best by date of 08/2021. No other products are impacted, and no adverse reactions have been reported. Consumers should discard the product and contact the company for assistance. This recall is conducted with the knowledge of the U.S. FDA.
Mondelēz International (Nasdaq: MDLZ) has announced its commitment to cut virgin plastic use in rigid plastic packaging by at least 25% by 2025. This initiative is part of a broader strategy to eliminate, reduce, and recycle plastics in its packaging. Currently, the company is below sector-average plastic use and aims for a 5% reduction in overall plastic packaging. Mondelēz is investing approximately $300 million from 2019 to 2025 to enhance sustainability, including support for a U.S. Federal recycling scheme that addresses flexible films.
Sargento Foods has launched a new product line, Balanced Breaks Cheese & Crackers Snacks, in partnership with Mondelez International. This offering pairs Sargento's natural cheese with popular snack crackers like RITZ, TRISCUIT, and WHEAT THINS. Available in four flavor combinations, each serving provides 7-9 grams of protein and up to 170 calories.
The products can be found in the refrigerated sections of major retailers and online, enhancing convenience for snacking enthusiasts.
Mondelēz International (Nasdaq: MDLZ) has announced a planned redemption of €500 million of its 1.000% Notes due 2022, €700 million of its 1.625% Notes due 2023, and $500 million of its 2.125% Notes due 2023, along with $492.46 million of its 4.000% Notes due 2024. The redemptions are set for March 31, 2021. Each note will be redeemed at a price equal to either 100% of the principal or the present value of scheduled payments, plus accrued interest. Details on redemption prices will be available on the company's investor website.
Mondelēz International has launched Sustainable Futures, an impact investing platform aimed at supporting self-sustaining ventures that tackle global challenges such as climate change. This initiative is part of the company's commitment to generate a positive impact on people and the planet. The platform will focus on co-investing in projects that protect forests and reduce carbon emissions, with initial support for social ventures in India and South Africa. This move aligns with the company's sustainability strategy and its goal of long-term, meaningful change.
Mondelēz International (Nasdaq: MDLZ) recently showcased its strategic progress at the 2021 CAGNY Conference. CEO Dirk Van de Put emphasized the company's strong market position and opportunities for growth in 2021, driven by a three-pillar strategy focusing on brand development, operational excellence, and cultivating a growth culture. CFO Luca Zaramella highlighted expectations for organic net revenue growth of over 3%, high-single-digit adjusted EPS growth at constant currency, and free cash flow exceeding $3 billion. The company reaffirmed its long-term financial targets.