* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

    Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

    ‘Big Brother’s’ Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy – El Paso Inc.

    Big Brother’s Rylie Jeffries Finally Speaks Out on Katherine Woodman Controversy

    ‘SNL’ Parts Ways With Emil Wakim Amid Rumored Season 51 Cast Shakeup – yahoo.com

    SNL Shakes Up Season 51 Cast with Emil Wakim’s Surprising Exit

    Do you have a favorable or an unfavorable opinion of Taylor Swift? – YouGov

    Do You Love Taylor Swift or Not? Share Your Thoughts!

    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

    How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

    ITSWC 2025: Thursday sessions guide – Traffic Technology Today

    Your Ultimate Guide to Thursday Sessions at ITSWC 2025

    MC Machinery Technology Summit Showcases Manufacturing Innovations – Modern Machine Shop

    MC Machinery Technology Summit Unveils Cutting-Edge Manufacturing Innovations

    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

Mondelez touts ‘best year ever in 2023’ despite dip in volume due to ‘one-off’ events

February 2, 2024
in Entertainment
Mondelez touts ‘best year ever in 2023’ despite dip in volume due to ‘one-off’ events
Share on FacebookShare on Twitter

The maker of Oreo and Ritz crackers reported yesterday a slowdown in organic net revenue growth and volume/mix in its fourth quarter, including a 5.5 percentage point drop in volume/mix in North America, which offset gains in Europe and Latin America for an overall drop of 0.4 percentage points. The drop in North America is particularly notable given it was up 4.6 percentage points in the previous quarter.

The drop comes as prices in the region rose 7.4 percentage points with additional pricing slated to come in North America. The increase is “already agreed” upon and will help offset rising prices for cocoa and expected increases hazelnut and sugar costs, CEO Dirk Van De Put told investment analysts Tuesday after the market closed during the company’s fourth quarter earnings call.

“We are trying to offset the dollar impact of the inflation that we are seeing in our input costs and we’re not pricing for percentage of margins … which, yes, we believe is a reasonable position,” he said.

He also was quick to add that he does not believe price increases to be a significant contributor to the drop in volume in North America. Rather, he attributed the decline to a softening in the US biscuit category, tight inventory management and build up in Q3 ahead of some price increases for Clif products as well as to minimize potential disruption ahead of a system transition planned for early October.

“We expect to return to good volume mix growth in North America in the beginning of next year,” Van De Put added. “It is really a one-off situation in Q4. So we don’t really necessarily feel like there is a slowdown in North America. It’s not going to be massive volume growth, but it is going to be positive volume growth in the beginning of the year.”

North Americans continue to hold back on spending​

His prediction comes against a backdrop in which many North American consumers continue to tightly manage their budgets due to prolonged inflation that has touched almost every aspect of their lives, including food consumed at home.

In response, Van De Put acknowledged many North American consumers are not buying with the same frequency, preferring to wait until products are on sale. And when they do buy, they gravitate towards smaller formats as well as from more value-oriented channels, including club and e-commerce.

Further, he acknowledged that reductions in Supplemental Nutrition Assistance Program benefits, commonly referred to as food stamps, means there is less disposable income for a select group of consumers.

Nonetheless, he said, he expects gradual improvement as North American consumers become more confident and are expecting the economy to improve so that “better times are ahead for them.”

In the meantime, Mondelez is investing more heavily in advertising and commercial, which was up 21% in the fourth quarter to help “drive consumer and customer loyalty to both our iconic global brands and our local jewels,” Van De Put said.

“Our best year ever in 2023”​

Looking forward the company expects organic sales growth at the upper end of a 3% to 5% range and high single-digit adjusted earnings per share.

The company’s confidence reflects an overall strong delivery in 2023, which Van De Put characterized as “our best year ever.”

In 2023, organic net revenue grew 14.7% or $4.6 billion over the prior year and adjusted gross profit dollar growth was up 18.8% to $2.2 billion – significantly lapping the last several years, Van De Put reported.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FoodNavigator – https://www.foodnavigator-usa.com/Article/2024/01/31/Mondelez-touts-best-year-ever-in-2023-despite-dip-in-volume-due-to-one-off-events?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS

Tags: entertainmentMondeleztouts
Previous Post

Hi-Fi Rush Datamine Appears to Confirm PlayStation and Switch Ports

Next Post

‘Wellness is a luxury for certain consumers,’ NIQ shares how Ozempic, protein, clean labels are motivating consumers in 2024

Mismatches will not halt Women’s Rugby World Cup momentum, insist organisers – The Guardian

Women’s Rugby World Cup Momentum Unstoppable Despite Challenges, Organisers Insist

August 29, 2025
Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

August 29, 2025
‘Netflix House’ entertainment complexes are coming. Here’s when they open – Los Angeles Times

Exciting News: Netflix’s House Entertainment Complexes Are Opening Soon!

August 29, 2025
CDC director’s firing prompts health concerns : The News4 Rundown – NBC4 Washington

Firing of CDC Director Ignites Nationwide Health Alarm

August 29, 2025
What’s Behind the Political Instability in Thailand – The New York Times

Unraveling the Root Causes of Political Instability in Thailand

August 29, 2025
Drayton Harbor’s bacteria problem – Washington State Department of Ecology (.gov)

Battling the Bacteria Crisis in Drayton Harbor: Essential Facts You Can’t Miss

August 29, 2025
Entomologists, Fellow Scientists Report Negative Impacts of Government Actions – Entomology Today

Entomologists and Scientists Reveal Alarming Consequences of Recent Government Actions

August 28, 2025
Scientists Reveal What’s Inside Mars: It’s Chunky, With a History of Violence – ScienceAlert

Scientists Reveal Mars’ Chunky Interior and Turbulent History

August 28, 2025
These simple life changes can prevent diabetes and dementia – Earth.com

Easy Lifestyle Changes to Lower Your Risk of Diabetes and Dementia

August 28, 2025
Japan’s legacy LCD and chip technology find new home in India – Nikkei Asia

How Japan’s Breakthrough LCD and Chip Technologies Are Driving Innovation in India

August 28, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (795)
  • Economy (815)
  • Entertainment (21,694)
  • General (16,733)
  • Health (9,856)
  • Lifestyle (828)
  • News (22,149)
  • People (815)
  • Politics (822)
  • Science (16,024)
  • Sports (21,313)
  • Technology (15,795)
  • World (797)

Recent News

Mismatches will not halt Women’s Rugby World Cup momentum, insist organisers – The Guardian

Women’s Rugby World Cup Momentum Unstoppable Despite Challenges, Organisers Insist

August 29, 2025
Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy? – The New York Times

August 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version