Mondelez Says Continuing To Reduce Our Activities And Expect Further Volume And Sales Declines As We Work To Make Our Russia Operations Self-Sufficient; Plan To Have Russia Business Stand-alone With A Self-sufficient Supply Chain Before End Of Year
Portfolio Pulse from Benzinga Newsdesk
Mondelez plans to make its Russia operations self-sufficient and reduce activities, expecting further volume and sales declines. The company aims to have a stand-alone Russia business with a self-sufficient supply chain before the end of the year.
June 15, 2023 | 3:59 pm
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Mondelez expects further volume and sales declines as it works to make its Russia operations self-sufficient, with a stand-alone business and self-sufficient supply chain planned before year-end.
Mondelez's decision to make its Russia operations self-sufficient and reduce activities will likely lead to further volume and sales declines in the short term. This could negatively impact the company's stock price as investors may perceive this as a sign of weakening performance in the Russian market.
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