Mondelez's sales rise 14% during fiscal 2023 | Food Business News
Fourth-quarter volume declines in North America.
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Fourth-quarter volume declines in North America.
Sweets and snacks giant Mondelez International dismissed a dip in volume in North America during the fourth quarter as a “one-off” from which it will quickly bounce back despite planned price hikes and ongoing shifts in consumer spending to favor sales and smaller packs at lower prices.
Mondelez International, Inc. beats earnings expectations. Reported EPS is $0.84, expectations were $0.78.
After Mondelez’s double-digit pricing last year, the branded chocolate and biscuits maker has signalled there is still more to come.
Mondelez International, the packaged-food giant behind Oreo cookies, sold lower amounts of products in the fourth quarter, as inflation finally takes a toll...