Mondelēz International today reported its first quarter 2023 results. The company continues to make strides across snacking categories and looks forward to meeting increasing consumer demand.
“We delivered a strong start to the year, with double-digit net revenue and profit dollar growth in our first quarter, as we continued to execute against our long-term strategy. These results were driven by ongoing pricing execution to offset cost inflation and solid volume growth,” said Dirk Van de Put, Chairman and Chief Executive Officer. “We saw broad-based demand across both developed and emerging markets, as consumers around the world continue to prioritize our chocolate, biscuits, and baked snacks categories and brands.”
A press release outlined several highlights from Q1. They are as follows.
“We also continued to make significant progress against our portfolio reshaping initiatives, reducing our coffee equity stakes, while driving strong top- and bottom-line synergies from recently acquired assets, including Clif Bar,” continued Van de Put. “Our dedicated people remain focused on accelerating and compounding growth through significant investments in our brands, talent, and capabilities, while advancing our sustainability initiatives. Given our strong Q1 performance, we are raising our net revenue and earnings outlook for the year.”
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