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CLAIM #39578 · Mondelez International Inc (MDLZ) · 2022Q4 earnings call · Jan 31, 2023 · due Dec 31, 2023

I'm expecting that the consumer gets used to this new setup of the stores that the volume growth will come back.

Dirk Van De Put · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

le showing an effect on sales in the category and for our business, it is less or less bad than we would have expected. So in-store execution seems to be helping and it's helping to mitigate the less off-shelf display that we have. Smaller stores are sort of suffering a little bit more because they have less space to make up for what was lost. So if I look at the category volumes they're down 1.1%, which is not that bad in December for the last 12 weeks, down about 4.5%. But if you take into account that the off-shelf distribution is down by about 30% because of those locations. I would say that the category is holding up quite well as it relates to the changes we're seeing in-store. And so I would say, yes, there is an effect, but it's far from the magnitude that we could have taken, and I'm expecting that the consumer gets used to this new setup of the stores that the volume growth will come back. Alexia Howard: Great. And there’s a super quick follow-up. I'm curious about these customer disruptions in Europe continuing into, I think you said the first quarter and 2Q, I thought all the pricing had to be done in the first couple of months of the year. So I thought all those customer disruptions were kind of in the fourth quarter rather than bleeding into the first half of the year. What's happening there? And I'll pass it on. Luca Zaramella: Yes, there are some specific laws in France where, for instance, you have to be done with pricing negotiations by the end of February, reality is particularly on promotions and promotional calendars, there might still be negotiations underway and besides France, other countries can obviously, in terms of negotiations go a little bit longer. So w

Verify independently

SEC filings for MDLZ · Claim quote is verbatim from the 2022Q4 earnings call.