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CEO of Oreo Maker Mondelez Sees Very Limited Impact From Ozempic [BNN Bloomberg (Canada)]
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: mondelezinternational.com/investors
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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- Fewer crackers in Ritz boxes but price remains same [Yahoo! Finance][Yahoo! Finance]
- 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 Packs[PR Newswire]
- CLIF BAR Re-Launches “Loop the Lincoln” to Advance Organic Food and Farming Initiatives[GlobeNewswire]
- Mondelez International Showcases Sweet Collaborations & Omnichannel Expertise at Sweets & Snacks Expo[GlobeNewswire]
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