CLAIM #39607 · Mondelez International Inc (MDLZ) · 2023Q1 earnings call · Apr 27, 2023 · due Dec 31, 2023
“So I'm confident that the margins will look quite close to the U.S. business going forward.”
Luca Zaramella · CFO
In context
“en assuming that it was going to be a margin mix drag to both gross margins overall in this segment. With a 1,000 basis-points improvement that you've seen so far. Is it still margin dilutive? Are you now closer to parity with this sector? Luca Zaramella: It is still margin dilutive on the overall segment. But again, as we think about potential opportunities in the years to come. This is another platform that we're going to integrate into SAP in the second part of the year. I'm sure the margins will get better. Pricing has been announced for the last round, but it hasn't kicked in yet. And there is now that we have stopped more opportunities to really activate that point of sales must stop leased as we called them, i.e. the right assortment by store is an area of opportunity that we have. So I'm confident that the margins will look quite close to the U.S. business going forward. Jason English: That's good to hear and sticking on North America, it seems like supply chain has been this overhang that we've been talking about in North America for year upon, year upon year and maybe I'm exaggerating, just because it feels that long. But it's great that you're over the hump and you are seeing improvement. Nice to see the sales side of that. How about on the margin side? Clearly this has been costly to the business. How much of a margin drag the supply chain issues been and how much of a tailwind could that be, as you look to sort of rebuild that? Luca Zaramella: I mean, well. I would say that is the whole -- this is a mix going on with the price increases that we have implemented together with some of the extra costs we're seeing incurred during the pandemic to get the”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2023Q1 earnings call.