{"id":1984483,"date":"2023-07-27T18:47:02","date_gmt":"2023-07-27T22:47:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cadbury-maker-mondelez-raises-annual-forecasts-boosted-by-strong-demand\/"},"modified":"2023-07-27T18:48:40","modified_gmt":"2023-07-27T22:48:40","slug":"cadbury-maker-mondelez-raises-annual-forecasts-boosted-by-strong-demand","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cadbury-maker-mondelez-raises-annual-forecasts-boosted-by-strong-demand\/","title":{"rendered":"Mondelez, the maker of Cadbury, increases annual forecasts due to high demand."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcadbury-maker-mondelez-raises-annual-forecasts-boosted-by-strong-demand%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1984483&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters)\u200b &#8211; Mondelez International is on the rise, raising its full-year growth forecasts for the second\u200b time \u200dthis \u200cyear. Despite\u2063 multiple rounds of \u200dprice increases, the demand for the Oreo maker&#8217;s snacks and chocolates \u200cremains strong. This positive news has led to a 2.7% increase in shares of the Cadbury chocolate maker during after-hours trading. Mondelez International has also \u200bexceeded estimates for the \u200csecond quarter.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Major packaged-food makers like Hershey, Campbell Soup, Cheerios maker General Mills, and Nestle have successfully increased prices to protect their margins from rising raw material\u200b and transportation costs. Edward\u2062 Jones analyst\u200b Brittany Quatrochi commented, &#8220;Strong \u200csales and better productivity drove a solid increase in profitability.&#8221;<\/p>\n<p>Hershey, another candy maker, has also raised its\u200c annual profit forecast, indicating that consumers continue to spend\u2062 on their \u2064favorite cookies, gum, and candy. CFO Luca Zaramella stated, &#8220;Overall, the consumer remains resilient, with elasticities holding up relatively well in chocolate and biscuit.&#8221;<\/p>\n<p>Mondelez International has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cadbury-maker-mondelez-raises-annual-forecasts-boosted-by-strong-demand\/\" title=\"Mondelez, the maker of Cadbury, increases annual forecasts due to high demand.\">experienced double-digit organic revenue growth<\/a> across regions, including Europe,\u200d Latin America, and North\u200b America,\u200c which has positively impacted\u200c its margins.\u2064 Executives are particularly pleased with the company&#8217;s performance in China, especially in the gum \u200dsegment.<\/p>\n<p>However, the \u2064company faced a \u2064volume decline in\u200c Europe \u200cdue to price negotiations with\u2063 retailers. CEO Dirk Van de\u200d Put assured, &#8220;Now that pricing is 100% secured, we \u200dexpect volume and revenue\u2064 growth, as well as margin improvement for Europe.&#8221;<\/p>\n<p>The Toblerone maker now expects full-year organic \u2062net revenue and \u200badjusted\u200b per-share profit growth of more than 12%, compared \u200cto the previous outlook of a 10% increase. Additionally, Mondelez has \u200bsold\u2063 its remaining stake in Keurig Dr Pepper for $704 million in proceeds.<\/p>\n<p>Source: <a href=\"https:\/\/www.oann.com\/uncategorized\/cadbury-maker-mondelez-raises-annual\/attachment\/oreo-biscuits-and-a-toblerone-swiss-milk-chocolate-are-seen\/\">One America News<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Oklahoma Congressman Josh Brecheen tells One America News that a\u200c newly-released report \u2063from the House Homeland Security Committee presents <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Former \u200cNHL\u2062 legend, Ron Duguay, spoke with our N.Y. correspondent Caitlin Sinclair on all things woke sports.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Expanding school choice is an idea not \u2062being backed \u200cby the Nevada State legislature, \u2062despite serious concerns over\u00a0class size,\u00a0literacy, and subject matter.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dr. Jeff Barke<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Alexander Marrow and Gleb Stolyarov (Reuters) -Russian tech giant Yandex reported a 27% fall in\u200b second-quarter net\u2062 profit on \u2063Thursday \u2064as\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>DUBLIN (Reuters) \u2013\u200b Digital rights group NOYB on \u200bThursday filed a complaint\u200c against\u2064 Ryanair,\u2064 alleging that the airline is violating customers\u2019 data\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -Britain\u2019s GMB trade union said on Thursday \u200bmore than a thousand\u2064 workers\u200b at two Amazon fulfilment centres in England would\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Aditya Soni (Reuters) \u2013 Meta shares surged nearly 8% on Thursday as a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-biden-release-conditions\/\" title=\"Conditions for the release of Hunter Biden.\">rosy revenue forecast showed<\/a> that artificial intelligence was\u2026 \u200b <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mondelez International has increased its full-year growth forecasts for the second time this year due to strong demand for its snacks and chocolates, despite price increases. The Cadbury chocolate maker&#8217;s shares rose 2.7% in after-hours trading and it also exceeded second-quarter estimates.<\/p>\n","protected":false},"author":66,"featured_media":1984484,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1984483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1984483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1984483"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1984483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1984484"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1984483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1984483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1984483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}