Mondelēz Recalls Two Varieties Of belVita Biscuits In US Over Peanut Contamination
Portfolio Pulse from Shivani Kumaresan
Mondelez International, Inc. (NASDAQ:MDLZ) has issued a voluntary recall of two varieties of belVita Breakfast Sandwich products in the U.S. due to potential peanut contamination. The recall was discovered during an internal manufacturing inspection and is being conducted with the knowledge of the U.S. Food and Drug Administration. No other products or markets are affected by the recall. MDLZ shares are trading lower by 0.14% at $73.41 in premarket.
July 05, 2023 | 12:06 pm
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Mondelez's recall of two belVita products due to potential peanut contamination may negatively impact the company's reputation and sales, which could affect its stock price.
Product recalls often lead to negative publicity and can result in decreased sales, both of which can negatively impact a company's stock price. In this case, Mondelez's recall of two belVita products due to potential peanut contamination could lead to a decrease in consumer trust and sales, which could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100