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Mondelez (MDLZ) Reports Progress on Strategic Priorities

February 20, 2024 9:07 AM

Mondelēz International, Inc. (Nasdaq: MDLZ) today will highlight the turnaround of its North America operations at the 2024 Consumer Analyst Group of New York (CAGNY) Conference. Chairman and Chief Executive Officer Dirk Van de Put, Chief Financial Officer Luca Zaramella, and Executive Vice President for North America, Gustavo Valle, will update the Company’s recent progress in building a sustainable growth engine in the North America market as part of its long-term growth acceleration strategy.

“Our strategic focus on core categories – chocolate, biscuits and baked snacks – has been instrumental in driving success across both emerging markets and developed markets like North America,” Van de Put said. “We remain confident that our virtuous cycle of strong gross profit dollar growth – fueling local-first commercial execution and increasing investments in our strong brands, capabilities and talent – will enable us to continue delivering attractive, sustainable growth.”

Driving Accelerated Growth and TransformationMondelēz International has consistently delivered against its long-term algorithm since launching its growth strategy in 2018. The Company is continuing to reshape its portfolio to generate 90% of revenue through its core categories—chocolate, biscuits and baked snacks.

The Company’s North American business, which accounts for more than 30% of total net revenue and nearly 40% of operating income, has transformed into a resilient, reliable driver of growth.

“We’re well positioned to take our performance to the next level,” Valle said. “We remain committed to strengthening consumer preference and loyalty through creative and meaningful activations in the region.”

Today’s CAGNY presentation will focus on three key areas of Mondelēz International’s strategy to drive sustainable long-term growth:

Presentation and MaterialsSimultaneous with the webcast for CAGNY participants, today’s presentation and accompanying slides will be available in the investor section of the Company’s website www.mondelezinternational.com and will remain available on the website following the webcast.

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