Mondelez CEO keeps it real on inflation as earnings trounce estimates [Yahoo! Finance]
Molson Coors Beverage Company Class B (TAP)
Last molson coors beverage company class b earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Put said on Yahoo Finance on Tuesday, amid better-than-expected first quarter profits. Though input costs for many goods are normalizing, as Coca-Cola's CEO told Yahoo Finance earlier Tuesday, Mondelez has been hit with higher prices for particular raw materials such as cocoa The rising costs put the company in the unenviable position of pushing through more price increases on shoppers. Van de Put says the company may be forced to keep raising prices in 2024 to counteract inflationary forces. Van de Put — whose company churns out Oreo cookies and Ritz crackers — says low-income consumers have started to push back on the higher prices. That led to Mondelez taking a "cautious" approach to its full-year guidance today by simply reiterating its top and bottom outlooks, per Van de Put. The earnings rundown Net Sales: up 1.4% year over year to $9.3 billion vs. estimates for $8.6 billion Organic Sales: Up 4.2% year over year Adjusted Gross Profit Margins: 39.2% vs. 36.8% a ye
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