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PT
Mondelēz growth boosted by emerging markets as Europe sees decline
['Augustus Bambridge-Sutton']
FoodNavigator-USA.com
The US snacking multinational has seen solid revenue growth overall, although this is primarily driven by emerging markets, particularly Latin America.
In North America, net revenue growth was modest, whilst in Europe, it declined.
Revenue growth in North America is slightly stronger than in Q1.
Purchasing in North America remains ‘K-shaped’, with consumers gravitating towards value products on one hand and premium products and better-for-you options on the other.
In the future, the company predicts at least 2% organic net revenue growth, and growth in its adjusted earnings per share of between 0-5% on a constant currency basis.