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Stock impact report

Mondelez (MDLZ) Benefits From Portfolio Refinement Efforts [Yahoo! Finance]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: Yahoo! Finance
The company has strategically expanded its snacking category, especially focusing on chocolates and biscuits, which have driven its performance. MDLZ's focus on core categories, specifically chocolates and biscuits, has shown resilience and appeal, particularly as consumers prioritize snacking over traditional meals. Both these categories registered double-digit growth during the full year 2023, including an 11.9% surge in biscuits and a 14.5% increase in chocolates. In the fourth quarter, the biscuit and chocolate categories registered sales growth of 5.5% and 11.2%, respectively. Management is focused on expanding its chocolate, biscuit and baked snacks categories as they present opportunities for solid growth and profitability. The company is on track to generate around 90% of its revenues through these categories in the long run. Acquisitions, a Key Driver MDLZ's growth strategy includes strategic acquisitions to broaden its portfolio and geographical footprint. Recent acq Show less Read more
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