Mondelēz International Celebrates Progress On Strategic Priorities, Boosted By Transformation Of North American Business Into Sustainable Growth Engine, At 2024 CAGNY Conference
Portfolio Pulse from Benzinga Newsdesk
Mondelēz International, Inc. (NASDAQ:MDLZ) showcased its strategic progress at the 2024 CAGNY Conference, emphasizing the transformation of its North American business into a sustainable growth engine. The company highlighted improvements in manufacturing flexibility, sales execution, pricing power, and portfolio expansion in North America. With a focus on core categories like chocolate, biscuits, and baked snacks, Mondelēz aims to drive sustainable growth through strong gross profit dollar growth, local-first commercial execution, and increased investments in brands, capabilities, and talent. The North American business, contributing over 30% of net revenue and nearly 40% of operating income, is positioned as a key growth driver.
February 20, 2024 | 2:21 pm
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Mondelēz International, Inc. (NASDAQ:MDLZ) highlighted its strategic advancements and the transformation of its North American operations into a sustainable growth engine at the 2024 CAGNY Conference. The company's focus on core categories and improvements in various operational aspects positions it for sustainable long-term growth.
The positive outlook presented by Mondelēz International at the 2024 CAGNY Conference, particularly regarding its North American business transformation and strategic focus on core categories, is likely to instill confidence in investors. The emphasis on sustainable growth and the significant contribution of the North American business to the company's net revenue and operating income suggest a positive short-term impact on MDLZ's stock price.
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