CLAIM #39605 · Mondelez International Inc (MDLZ) · 2023Q1 earnings call · Apr 27, 2023 · due Dec 31, 2023
“we expect that positive trends for North-America will continue.”
Dirk Van De Put · CEO
In context
“d be interested to hear what also makes that sort of top three. Dirk Van de Put: Yeah, the top three from me would be, yes, for sure Europe, where we were expecting a bigger client disruption, and that did not occur in Q1. As Luca said, we are only 80% done with the price increases, and we still have some negotiations going on. We could still see part of that client disruption in Q2, but that has been included in our outlook for the year. But that's certainly significantly better than we had anticipated. The second one that I would mention is the US, whereby you see a very solid top line, but the bottom line is probably the strongest increase driven by first of all, an improvement in our supply chain, but then also very strong recovery of Clif bars profitability since the acquisition, and we expect that positive trends for North-America will continue. And the third one is probably the ongoing strength in emerging markets. I already went there, but if I compare our emerging markets sort of growth of 25%, that stands for me well above any of our colleagues. And that has been going on for several quarters now. So those would be my top three, I would say, of what's carrying the quarter for us and probably is going to carry the year for us. David Palmer: Thank you. That's helpful. I'm wondering to what degree this year, and what you're seeing going on, maybe internally, not just some of the macros informs how you view your company in the long term growth rate, of your company and to some degree we've had COVID obscure what might have been happening in terms of all the changes that have happened and of course you've made plenty of acquisitio”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2023Q1 earnings call.