Mondelez (MDLZ) Comments on FY17, FY18 Outlook

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Mondelēz International Details Growth Strategy and Reaffirms Outlook at CAGNY

February 21, 2017 9:00 AM EST

Reaffirms 2017 and 2018 Adjusted Operating Income1 margin targetsLaunching new Well-being Power Brand, Véa, in the savory cracker segment to drive incremental growth

BOCA RATON, Fla., Feb. 21, 2017 (GLOBE NEWSWIRE) -- At the Consumer Analyst Group of New York (CAGNY) conference today, executives of Mondelz International detailed the companys balanced strategy for both top- and bottom-line growth to deliver strong shareholder returns.

Chairman and CEO Irene Rosenfeld highlighted the companys three-pronged strategy to focus its portfolio, reduce costs and invest for growth to drive long-term sustainable growth. Were one of the few industry... More