CEO of Oreo Maker Mondelez Sees Very Limited Impact From Ozempic [BNN Bloomberg (Canada)]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: BNN Bloomberg
Mondelez International Inc., which also makes Sour Patch Kids candy and Ritz crackers, is monitoring the impact of Ozempic and other GLP-1 drugs “quite carefully,” Chief Executive Officer Dirk van de Put said in an interview with Bloomberg TV. Models that incorporate changes in behavior from the drugs and expected adoption rates predict only a modest impact on its sales, he added. “Those models predict that in ten years time, it will have an effect between 0.5% and 1% of our volume,” he said, calling it a “margin of error.” Related: Molson Says ‘Volatile Times,' Not Ozempic, Dim Its Beer Outlook ©2024 Bloomberg L.P. Top Picks
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News
- Shareholder Warns Maker of Oreo That They are Endangering Their Brand [Yahoo! Finance]Yahoo! Finance
- The OREO Brand collaborates with Lucasfilm to Launch New Special Edition STAR WARS™ Cookie PacksPR Newswire
- CLIF BAR Re-Launches “Loop the Lincoln” to Advance Organic Food and Farming InitiativesGlobeNewswire
- Mondelez International Showcases Sweet Collaborations & Omnichannel Expertise at Sweets & Snacks ExpoGlobeNewswire
- Alexander MacDonald's Top Picks: May 8, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
MDLZ
Earnings
- 4/30/24 - Beat
MDLZ
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/29/24 - Form DEFA14A
- MDLZ's page on the SEC website