Food Business News - August 7, 2018 - 16

MONDELEZ INTERNATIONAL
DEERFIELD, ILL. - The relative strength of
the global economy was reflected in
Mondelez International's second-quarter
results for fiscal 2018. In both developed
and emerging markets, the company
experienced sales growth of 3.3% and
0.2%, respectively. Tamping down
greater emerging market revenue gains
was an 11-day trucker strike in Brazil
that disrupted the flow of products from
reaching the market.
"We remain encouraged by industry

16

trends," said Dirk Van de Put, chairman
and chief executive officer, during a
July 25 conference call with securities
analysts. "Snacking growth is improving
globally, and our categories are up about
3%. It's particularly encouraging to see
that this growth was coming from both
developed and emerging markets.
"As you know, we have a broad
geographic footprint and generate a significant majority of our revenue outside
of North America. In the majority of
countries around the world, we have a
leading position in the highly attractive
snacking category as we have a stable of
iconic global and local brands."
Mondelez's net income during the
second quarter ended June 30 was $323
million, equal to 22c per share on the common stock, down from the same period
of the previous year when the company
earned $498 million, or 33c per share.

S O UFood
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B.C. Williams Bakery Service | BCW Food Products | 800.527.4104

Mondelez's innovation
strategy focuses on starting
small, experimenting and
bringing successful products
to scale.

MONDELEZ INTERNATIONAL

Global tailwinds propel
Mondelez's second-quarter results

Sales for the quarter rose to $6,112
million from $5,986 million.
A line item affecting net income
during the quarter was a rise in selling,
general and administrative expenses to
$1,904 million from $1,455 million the
year prior.
In Mondelez's two largest markets,
North America and Europe, the company
performed well. In North America, net
sales rose 6.5% to $1,675 million. The lapping of a malware attack that occurred
during fiscal 2017 and disrupted Mondelez's supply chain was one reason for the
quarterly improvement.
"Recent innovations like Oreo
Thin Bites and Ritz Crisp & Thins have
performed well," Mr. Van de Put said.
"Our new innovation strategy is to start
small, experiment and bring brands to
scale based on what we learn in the local
markets."
In Europe, sales rose 6.1% to $2,303
million.
"...We delivered another solid quarter with strong volume growth," Mr. Van
de Put said. "Our biscuit business delivered strong volume growth across most
of Western Europe, including Germany,
France, Italy and Spain. Our chocolate
brands, Milka, Toblerone and Côte d'Or,
also performed well. And chocobakery,
which includes Milka and Cadbury biscuits, continued its momentum.
Management raised its full year
2018 outlook for organic net revenue
growth to the high end of the previous
range of 1% to 2%.
"We're encouraged by the category
growth trends as well as our own revenue growth on a year-to-date basis," said
Brian T. Gladden, chief financial officer.
"Both of these measures are better than
our initial expectations coming into the
year. On the other side, we see Brazil,
which represents about 6% of our revenue, as more challenging than expected.
"Looking ahead, I'd remind you that
the comparisons in the second half are
more challenging given category growth
comparisons and the positive prior year impact of malware-related shipments. With
respect to our adjusted margin, adjusted
e.p.s. and free cash flow commitments, we
are maintaining outlook for the year." FBN
August 7, 2018



Table of Contents for the Digital Edition of Food Business News - August 7, 2018

http://digital.foodbusinessnews.net/sosland/fbn/2019_05_14
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_30
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_16
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_02
http://digital.foodbusinessnews.net/sosland/fbn/2019_03_19
http://digital.foodbusinessnews.net/sosland/fbn/2019_03_05
http://digital.foodbusinessnews.net/sosland/fbn/2019_02_19
http://digital.foodbusinessnews.net/sosland/fbn/2019_02_05
http://digital.foodbusinessnews.net/sosland/fbn/2019_01_22
http://digital.foodbusinessnews.net/sosland/fbn/2019_1_8
http://digital.foodbusinessnews.net/sosland/fbn/2018_12_25
http://digital.foodbusinessnews.net/sosland/fbn/2018_12_11
http://digital.foodbusinessnews.net/sosland/fbn/2018_11_27
http://digital.foodbusinessnews.net/sosland/fbn/2018_11_13
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_30
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_16
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_02
http://digital.foodbusinessnews.net/sosland/fbn/2018_09_18
http://digital.foodbusinessnews.net/sosland/fbn/2018_09_04
http://digital.foodbusinessnews.net/sosland/fbn/2018_08_21
http://digital.foodbusinessnews.net/sosland/fbn/2018_08_07
http://digital.foodbusinessnews.net/sosland/fbn/2018_07_24
http://digital.foodbusinessnews.net/sosland/fbn/2018_07_10
http://digital.foodbusinessnews.net/sosland/fbn/2018_06_26
http://digital.foodbusinessnews.net/sosland/fbn/2018_06_12
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_29
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_15
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_01
http://digital.foodbusinessnews.net/sosland/fbn/2018_04_17
http://digital.foodbusinessnews.net/sosland/fbn/fbn_2018_04_03
http://digital.foodbusinessnews.net/sosland/fbn/2018_03_20
http://www.nxtbook.com/sosland/fbn/2018_03_06
http://www.nxtbook.com/sosland/fbn/2018_02_20
http://www.nxtbook.com/sosland/fbn/2018_02_06
http://www.nxtbook.com/sosland/fbn/2018_01_23
http://www.nxtbook.com/sosland/fbn/2018_01_09
http://www.nxtbook.com/sosland/fbn/2017_12_26
http://www.nxtbook.com/sosland/fbn/2017_12_12
http://www.nxtbook.com/sosland/fbn/2017_11_28
http://www.nxtbook.com/sosland/fbn/2017_11_14
http://www.nxtbook.com/sosland/fbn/2017_10_31
http://www.nxtbook.com/sosland/fbn/2017_10_17
http://www.nxtbook.com/sosland/fbn/2017_10_03
http://www.nxtbook.com/sosland/fbn/2017_09_19
http://www.nxtbook.com/sosland/fbn/2017_09_05
http://www.nxtbook.com/sosland/fbn/2017_08_22
http://www.nxtbook.com/sosland/fbn/2017_08_08
http://www.nxtbook.com/sosland/fbn/2017_07_25
http://www.nxtbook.com/sosland/fbn/2017_07_11
http://www.nxtbook.com/sosland/fbn/2017_06_27
http://www.nxtbook.com/sosland/fbn/2017_06_13
http://www.nxtbook.com/sosland/fbn/2017_05_30
http://www.nxtbook.com/sosland/fbn/2017_05_16
http://www.nxtbook.com/sosland/fbn/2017_05_02
http://www.nxtbook.com/sosland/fbn/2017_04_18
http://www.nxtbook.com/sosland/fbn/2017_04_04
http://www.nxtbook.com/sosland/fbn/2017_03_21
http://www.nxtbook.com/sosland/fbn/2017_03_07
http://www.nxtbook.com/sosland/fbn/2017_02_21
http://www.nxtbook.com/sosland/fbn/2017_02_07
http://www.nxtbook.com/sosland/fbn/2017_01_24
http://www.nxtbook.com/sosland/fbn/2017_01_10
http://www.nxtbook.com/sosland/fbn/2016_12_27
http://www.nxtbook.com/sosland/fbn/2016_12_13
http://www.nxtbook.com/sosland/fbn/2016_11_29
http://www.nxtbook.com/sosland/fbn/2016_11_15
http://www.nxtbook.com/sosland/fbn/2016_11_01
http://www.nxtbook.com/sosland/fbn/2016_10_18
http://www.nxtbook.com/sosland/fbn/2016_10_04
http://www.nxtbook.com/sosland/fbn/2016_09_20
http://www.nxtbook.com/sosland/fbn/2016_09_06
http://www.nxtbook.com/sosland/fbn/2016_08_23
http://www.nxtbook.com/sosland/fbn/2016_08_09
http://www.nxtbook.com/sosland/fbn/2016_07_26
http://www.nxtbook.com/sosland/fbn/2016_07_12
http://www.nxtbook.com/sosland/fbn/2016_06_28
http://www.nxtbook.com/sosland/fbn/2016_06_14
http://www.nxtbook.com/sosland/fbn/2016_05_31
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http://www.nxtbook.com/sosland/fbn/2016_05_03
http://www.nxtbook.com/sosland/fbn/2016_04_19
http://www.nxtbook.com/sosland/fbn/2016_04_05
http://www.nxtbook.com/sosland/fbn/2016_03_22
http://www.nxtbook.com/sosland/fbn/2016_03_08
http://www.nxtbook.com/sosland/fbn/2016_02_23
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http://www.nxtbook.com/sosland/fbn/2016_01_26
http://www.nxtbook.com/sosland/fbn/2016_01_12
http://www.nxtbook.com/sosland/fbn/2015_12_29
http://www.nxtbook.com/sosland/fbn/2015_12_15
http://www.nxtbook.com/sosland/fbn/2015_12_01
http://www.nxtbook.com/sosland/fbn/2015_11_17
http://www.nxtbook.com/sosland/fbn/2015_11_03
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http://www.nxtbook.com/sosland/fbn/2015_10_06
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http://digital.foodbusinessnews.net/sosland/fbn/09_08_2015
http://www.nxtbook.com/sosland/fbn/2015_08_25
http://www.nxtbook.com/sosland/fbn/2015_08_11
http://www.nxtbook.com/sosland/fbn/2015_07_28
http://www.nxtbook.com/sosland/fbn/2015_07_14
http://www.nxtbook.com/sosland/fbn/2015_06_30
http://www.nxtbook.com/sosland/fbn/2015_06_16
http://www.nxtbook.com/sosland/fbn/2015_06_02
http://www.nxtbook.com/sosland/fbn/2015_05_19
http://www.nxtbook.com/sosland/fbn/2015_05_05
http://www.nxtbook.com/sosland/fbn/2015_04_21
http://www.nxtbook.com/sosland/fbn/2015_04_07
http://www.nxtbook.com/sosland/fbn/2015_03_24
http://www.nxtbook.com/sosland/fbn/2015_03_10
http://www.nxtbook.com/sosland/fbn/fbn/2015_02_24
http://www.nxtbook.com/sosland/fbn/2015_02_10
http://www.nxtbook.com/sosland/fbn/2015_01_27
http://www.nxtbook.com/sosland/fbn/2015_01_13
http://www.nxtbook.com/sosland/fbn/2014_12_30
http://www.nxtbook.com/sosland/fbn/2014_12_16
http://www.nxtbook.com/sosland/fbn/2014_12_02
http://www.nxtbook.com/sosland/fbn/2014_11_18
http://www.nxtbook.com/sosland/fbn/2014_11_04
http://www.nxtbook.com/sosland/fbn/2014_10_21
http://www.nxtbook.com/sosland/fbn/2014_10_07
http://www.nxtbook.com/sosland/fbn/2014_09_23
http://www.nxtbook.com/sosland/fbn/2014_09_09
http://www.nxtbook.com/sosland/fbn/2014_08_26
http://www.nxtbook.com/sosland/fbn/2014_08_12
http://www.nxtbook.com/sosland/fbn/2014_07_29
http://www.nxtbook.com/sosland/fbn/2014_07_15
http://www.nxtbook.com/sosland/fbn/2014_07_01
http://www.nxtbook.com/sosland/fbn/2014_06_17
http://www.nxtbook.com/sosland/fbn/2014_06_03
http://www.nxtbook.com/sosland/fbn/2014_05_20
http://www.nxtbook.com/sosland/fbn/2014_05_06
http://www.nxtbook.com/sosland/fbn/2014_04_22
http://www.nxtbook.com/sosland/fbn/2014_04_08
http://www.nxtbook.com/sosland/fbn/2014_03_25
http://www.nxtbook.com/sosland/fbn/2014_03_11
http://www.nxtbook.com/sosland/fbn/2014_02_25
http://www.nxtbook.com/sosland/fbn/2014_02_11
http://www.nxtbook.com/sosland/fbn/2014_01_28
http://www.nxtbook.com/sosland/fbn/2014_01_14
http://www.nxtbook.com/sosland/fbn/2013_12_31
http://www.nxtbook.com/sosland/fbn/2013_12_17
http://www.nxtbook.com/sosland/fbn/2013_12_03
http://digital.foodbusinessnews.net/sosland/fbn/2013_11_19
http://digital.foodbusinessnews.net/sosland/fbn/2013_11_05
http://digital.foodbusinessnews.net/sosland/fbn/2013_10_22
http://digital.foodbusinessnews.net/sosland/fbn/2013_10_08
http://digital.foodbusinessnews.net/sosland/fbn/2013_09_24
http://digital.foodbusinessnews.net/sosland/fbn/2013_09_10
http://digital.foodbusinessnews.net/sosland/fbn/2013_08_27
http://digital.foodbusinessnews.net/sosland/fbn/2013_08_13
http://digital.foodbusinessnews.net/sosland/fbn/2013_07_30
http://www.nxtbook.com/sosland/fbn/2013_07_16
http://www.nxtbook.com/sosland/fbn/2013_07_02
http://www.nxtbook.com/sosland/fbn/2013_06_18
http://www.nxtbook.com/sosland/fbn/2013_06_04
http://www.nxtbook.com/sosland/fbn/2013_05_21
http://www.nxtbook.com/sosland/fbn/2013_05_07
http://www.nxtbook.com/sosland/fbn/2013_04_23
http://www.nxtbook.com/sosland/fbn/2013_04_09
http://www.nxtbook.com/sosland/fbn/2013_03_26
http://www.nxtbook.com/sosland/fbn/2013_03_12
http://www.nxtbook.com/sosland/fbn/2013_02_26
http://www.nxtbook.com/sosland/fbn/2013_02_12
http://www.nxtbook.com/sosland/fbn/2013_01_29
http://www.nxtbook.com/sosland/fbn/2013_01_15
http://www.nxtbook.com/sosland/fbn/2013_01_01
http://www.nxtbook.com/sosland/fbn/2012_12_18
http://www.nxtbook.com/sosland/fbn/2012_12_04
http://www.nxtbook.com/sosland/fbn/2012_11_20
http://www.nxtbook.com/sosland/fbn/2012_11_06
http://www.nxtbook.com/sosland/fbn/2012_10_23
http://www.nxtbook.com/sosland/fbn/2012_10_09
http://www.nxtbook.com/sosland/fbn/2012_09_25
http://www.nxtbook.com/sosland/fbn/2012_09_11
http://www.nxtbook.com/sosland/fbn/2012_08_28
http://www.nxtbook.com/sosland/fbn/2012_08_14
http://www.nxtbook.com/sosland/fbn/2012_07_31
http://www.nxtbook.com/sosland/fbn/2012_07_17
http://www.nxtbook.com/sosland/fbn/2012_07_03
http://www.nxtbook.com/sosland/fbn/2012_06_19
http://www.nxtbook.com/sosland/fbn/2012_06_05
http://www.nxtbook.com/sosland/fbn/2012_05_22
http://www.nxtbook.com/sosland/fbn/2012_05_08
http://www.nxtbook.com/sosland/fbn/2012_04_24
http://www.nxtbook.com/sosland/fbn/2012_04_10
http://www.nxtbook.com/sosland/fbn/2012_03_27
http://www.nxtbook.com/sosland/fbn/2012_03_13
http://www.nxtbook.com/sosland/fbn/2012_02_28
http://www.nxtbook.com/sosland/fbn/2012_02_14
http://www.nxtbook.com/sosland/fbn/2012_01_31
http://www.nxtbook.com/sosland/fbn/2012_01_17
http://www.nxtbook.com/sosland/fbn/2012_01_03
http://www.nxtbook.com/sosland/fbn/2011_12_20
http://www.nxtbook.com/sosland/fbn/2011_12_06
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http://www.nxtbook.com/sosland/fbn/2011_10_25
http://www.nxtbook.com/sosland/fbn/2011_10_11
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http://www.nxtbook.com/sosland/fbn/2011_09_13
http://www.nxtbook.com/sosland/fbn/2011_08_30
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http://www.nxtbook.com/sosland/fbn/2011_05_24
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http://www.nxtbook.com/sosland/fbn/2011_04_26
http://www.nxtbook.com/sosland/fbn/2011_04_12
http://www.nxtbook.com/sosland/fbn/2011_03_29
http://www.nxtbook.com/sosland/fbn/2011_03_15
http://www.nxtbook.com/sosland/fbn/2011_03_01
http://digital.foodbusinessnews.net/sosland/fbn/2011_02_15
http://digital.foodbusinessnews.net/sosland/fbn/2011_01_18
http://digital.foodbusinessnews.net/sosland/fbn/2011_01_04
http://digital.foodbusinessnews.net/sosland/fbn/2010_12_21
http://digital.foodbusinessnews.net/sosland/fbn/2010_12_07
http://digital.foodbusinessnews.net/sosland/fbn/2010_11_23
http://digital.foodbusinessnews.net/sosland/fbn/2010_11_09
http://digital.foodbusinessnews.net/sosland/fbn/2010_10_26
http://digital.foodbusinessnews.net/sosland/fbn/2010_10_12
http://digital.foodbusinessnews.net/sosland/fbn/2010_09_28
http://digital.foodbusinessnews.net/sosland/fbn/2010_09_14
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_31
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_17
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_03
http://digital.foodbusinessnews.net/sosland/fbn/2010_07_20
http://digital.foodbusinessnews.net/sosland/fbn/2010_07_06
http://digital.foodbusinessnews.net/sosland/fbn/2010_06_22
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http://digital.foodbusinessnews.net/sosland/fbn/2010_05_25
http://digital.foodbusinessnews.net/sosland/fbn/2010_05_11
http://digital.foodbusinessnews.net/sosland/fbn/2010_04_27
http://digital.foodbusinessnews.net/sosland/fbn/2010_04_13
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_30
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_16
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_02
http://digital.foodbusinessnews.net/sosland/fbn/2010_02_16
http://digital.foodbusinessnews.net/sosland/fbn/2010_02_02
http://digital.foodbusinessnews.net/sosland/fbn/2010_01_19
http://digital.foodbusinessnews.net/sosland/fbn/2010_01_05
http://digital.foodbusinessnews.net/sosland/fbn/2009_12_22
http://digital.foodbusinessnews.net/sosland/fbn/2009_12_08
http://digital.foodbusinessnews.net/sosland/fbn/2009_11_24
http://digital.foodbusinessnews.net/sosland/fbn/2009_11_10
http://digital.foodbusinessnews.net/sosland/fbn/2009_10_27
http://digital.foodbusinessnews.net/sosland/fbn/2009_10_13
http://digital.foodbusinessnews.net/sosland/fbn/2009_09_29
http://digital.foodbusinessnews.net/sosland/fbn/2009_09_15
http://digital.foodbusinessnews.net/sosland/fbn/2009_08_18
http://digital.foodbusinessnews.net/sosland/fbn/2009_08_04
http://digital.foodbusinessnews.net/sosland/fbn/2009_07_21
http://digital.foodbusinessnews.net/sosland/fbn/2009_07_07
http://digital.foodbusinessnews.net/sosland/fbn/2009_06_23
http://digital.foodbusinessnews.net/sosland/fbn/2009_06_09
http://digital.foodbusinessnews.net/sosland/fbn/2009_05_26
http://digital.foodbusinessnews.net/sosland/fbn/2009_05_12
http://digital.foodbusinessnews.net/sosland/fbn/2009_04_28
http://digital.foodbusinessnews.net/sosland/fbn/2009_04_14
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_31
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_17
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