CLAIM #39638 · Mondelez International Inc (MDLZ) · 2023Q2 earnings call · Jul 27, 2023 · due Dec 31, 2023
“So we're not giving you the number, it's going to be a nice solid volume growth for the second half.”
Dirk Van De Put · CEO
In context
“ng about the volume for that region in the second half given that some of that disruption is behind you and you're lapping some disruption in the second half versus '22? Dirk Van de Put: Yes. So as I said, we don't really give volume guidance per region, but we would see some solid volume growth in the second half driven by exactly the factors that you were saying. So we have the pricing negotiations behind us, that pricing will be implemented. The disruption is gone. Last year, in the second half, we increased our prices in Europe, and we had more disruption. We will lap that. So that's going to have a benefit for us. We have elasticities in Europe that are relatively benign. So despite the newly implemented pricing, we don't think that, that's going to have a major effect on the volume. So we're not giving you the number, it's going to be a nice solid volume growth for the second half. David Palmer: And then I couldn't help but notice you featured cake and pastries a couple of times in your slides. And it seems like a logical extension to have Oreo have a snack cake. But I wonder how big could your aspirations be in that category. It doesn't seem as big as some of your other categories. So I'm wondering, do you see snack cakes and pastries being an ongoing sizable growth contributor? And maybe give us a sense of how you think about the TAM there, the opportunity there and how you're going to go about it. Thanks. Dirk Van de Put: Yes. So well, first of all, cakes and pastries is not a small category. It's not the size of biscuits, but it's not too far away from it. And so it's a big opportunity around the world. It's a very fragmented category with sometimes relatively c”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2023Q2 earnings call.