Mondelez Intl Stock Price, News & Analysis

Mondelēz International has released its 2023 Snacking Made Right Report, highlighting significant progress in reducing its climate impact and advancing sustainability goals. The company has developed a net-zero carbon emissions roadmap, scaled regenerative agricultural practices, and reduced carbon emissions across its operations.

Notable achievements include sourcing 99% of wheat for European biscuits under the Harmony Charter, using nearly 50% renewable electricity at manufacturing sites, and cutting food waste from distribution by 69%. The company continues to focus on its cocoa sourcing program, Cocoa Life, to address deforestation, farmer poverty, and child labor.

Partnerships with suppliers, NGOs, and industry coalitions have been important in these efforts. Looking ahead, Mondelēz aims to further accelerate its impact and remain transparent in sharing progress.

CLIF BAR announced the 2024 line-up for its CLIF CORPS' Athlete Coalition. The initiative, featuring athletes like WNBA MVP Breanna Stewart, tennis pro Frances Tiafoe, soccer star Sophia Smith, and Paralympian Daniel Romanchuk, aims to promote equitable access to sports. The Coalition collaborates with nonprofits and supports youth sports clinics. Research highlights a disparity in youth sports participation linked to family income, with only 31.2% participation among children from low-income families. CLIF BAR's efforts include funding basketball courts, supporting tennis clinics, partnering with Outdoor Afro, and launching Wheels for Change to loan racing wheelchairs. Since 2000, CLIF BAR has donated $73 million and committed over 200,000 volunteer service hours.

Mondelēz International (Nasdaq: MDLZ) and Lotus Bakeries (Euronext: LOTB) have formed a strategic partnership to expand the Lotus Biscoff® cookie brand in India and co-develop new chocolate products in Europe, combining Biscoff® with Cadbury and Milka. Mondelēz will manufacture, market, and distribute Biscoff® cookies in India, leveraging its extensive distribution network. The collaboration also aims to create co-branded chocolate products, with the first launches expected in early 2025. This partnership is poised to accelerate growth in both the cookie and chocolate categories for both companies.

The SOUR PATCH KIDS brand is launching the Mischief Tycoon Experience on Roblox, an immersive platform with millions of daily users. Set to release on June 14, 2024, this new experience allows fans aged 13 and up to engage in mischief and rebuild disrupted lands in a sour-then-sweet journey. Users can collect in-game currency and mischief points but cannot earn real currency. The experience features mini-games themed around SOUR PATCH KIDS fruit flavors, with rewards such as virtual fashion items, brand merchandise, and candy coupons available to the most engaged users. Additionally, -time Lemonade Loot Boxes will offer unique in-game prizes. This initiative aims to deepen fan engagement both in-game and in real life.

Mondelēz International’s 2023 Snacking Made Right report outlines the company's progress in meeting consumer preferences and ESG priorities despite global economic challenges. CEO Dirk Van de Put highlights significant investments in brand innovation, acquisitions like Clif Bar & Company, and sustainability milestones. Key achievements include transitioning to renewable energy and advancing regenerative agricultural practices. The company also aims for gender parity in leadership and net-zero carbon emissions by 2050. Notably, Mondelēz has been recognized as one of the most sustainable and responsible U.S. companies. Despite rising cocoa prices, the company remains focused on sustainable sourcing and long-term growth.

The press release details insights from a recent event at Mondelēz International's headquarters that discussed the future of the consumer packaged goods (CPG) sector. With economic volatility and changing consumer demands, innovation is critical. Mondelēz's State of Snacking report reveals that two-thirds of consumers prefer brands aligning with their values, and 63% seek environmentally friendly snacks. Despite this, a disconnect exists between consumer intentions and actions, often due to availability, price, or convenience issues. Leaders emphasized the need to simplify sustainability and enhance communication about product benefits. The event also highlighted the significance of understanding consumer behavior and leveraging scientific evidence to build trust and drive innovation.

Mondelēz International (NASDAQ: MDLZ) announced that its Chief Financial Officer, Luca Zaramella, will present at the 4th Annual Evercore ISI Consumer & Retail Conference on June 13, 2024, at 10:15 a.m. ET.

The presentation will be accessible through a listen-only webcast on the company's investor relations website, with a replay option available for later viewing.

Mondelēz International announced that CEO Dirk Van de Put and CFO Luca Zaramella will participate in a fireside chat at the Deutsche Bank Global Consumer Conference on June 4, 2024, at 05:15 p.m. CEST.

Interested parties can access a listen-only webcast and a replay on the company's investor website.

Mondelēz International has inaugurated its Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, investing over $5 million USD. This new facility aims to enhance innovation and product development across Southeast Asia, Australia, New Zealand, and Japan. The lab will serve as a Centre of Excellence, promoting co-innovation and creative development in the biscuits and baked snacks category.

Established within the existing Singapore Technical Centre, this lab expands on capabilities in Product Development, Packaging, Process Technology, Consumer Science, Analytical Science, Ingredient Research, and Regulatory Affairs. The facility aims to accelerate Mondelēz’s mission to create 'the right snack, for the right moment, made the right way' and supports the company's focus on mindful snacking, portion balance, and flavor innovation.