Mondelez Says This Year, Overall Volumes Declined Double Digits, Import Volumes, Market Share Significantly Decreased Due To Scaled Down Operations In Russia; Are Selling Significantly Less Products As Sales Are Now Declining In Russia
Portfolio Pulse from Benzinga Newsdesk
Mondelez reports a double-digit decline in overall volumes and a significant decrease in import volumes and market share due to scaled-down operations in Russia. Sales in Russia are now declining.
June 15, 2023 | 3:59 pm
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NEGATIVE IMPACT
Mondelez's stock may be negatively impacted by the double-digit decline in overall volumes and decreased import volumes and market share in Russia.
The double-digit decline in overall volumes and decreased import volumes and market share in Russia indicate a significant negative impact on Mondelez's revenues and profitability. This may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100