Q2 2024 Mondelez International Inc Earnings Call Transcript

Jul 30, 2024 / 09:00 PM GMT

Release Date Price: $67.05 (-0.07%)

Transcript 10-Q8-K

Key Points

Positve

Mondelez International Inc (MDLZ) delivered strong profit dollar growth driven by effective cost management and pricing.
The company successfully completed its annual pricing in Europe, positioning it well for the second half of the year.
Emerging markets continue to show momentum, with significant investments in brands and capabilities to drive sustainable long-term growth.
Mondelez International Inc (MDLZ) generated a strong free cash flow of $1.5 billion.
The company is seeing volume growth rebound as inflation cools and consumer incomes rise, reducing financial strain on households.

Negative

The North American biscuit business continues to experience softness, impacting overall volume mix.
There are ongoing challenges with customer disruptions in Europe, affecting volume growth.
Higher cocoa prices are expected to be a significant headwind in the second half of the year.
The company is facing increased competition and down-trading in the Indian biscuit market due to food inflation.
Elasticities in Europe are modestly increasing, and there is a rise in promotional intensity, which could impact margins.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

MDLZ.OQ - Mondelez International Inc
Q2 2024 Mondelez International Inc Earnings Call
Jul 30, 2024 / 09:00PM GMT

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Conference Call Participants
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* >>Shep Dunla - Senior Vice President, Investor Relations
* >>Dirk Van De Put - Chairman of the Board, Chief Executive Officer
* >>Luca Zaramella - Chief Financial Officer, Executive Vice President
* >>Andrew Lazar - Analyst
* >>Ken Goldman - Analyst
* >>Alexia Howard - Analyst
* >>Michael Lavery - Analyst
* >>Tom Palmer - Analyst
* >>Matt Smith - Analyst

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Presentation
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>>Editor [1]
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