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CLAIM #39641 · Mondelez International Inc (MDLZ) · 2023Q2 earnings call · Jul 27, 2023 · due Jul 27, 2024

And I think it is needed, and we're going to do it most likely.

Luca Zaramella · CFO

PENDING
graded after results covering Jul 27, 2024 are reported

In context

aramella: Thank you for the question, Ken. Look, the increase in sugar and cocoa specifically is material. I mean, we are talking about most likely a 30-plus percent if you look at the last 12 months or even more, particularly in cocoa. I think when you look at the quality of the brands, we said the fact that we had invested materially around the world in our brands, the fact that there are strong bonds with consumers and I believe pricing is -- will be a necessity in chocolate. I'm not going to elaborate on the details. Also, bear in mind that particularly in emerging markets, we are going to be very mindful about not vacating price point. And so we will use RGM. And then over the last couple of years, I would say we have learned the ins and outs of implementing pricing around the world. And I think it is needed, and we're going to do it most likely. Kenneth Goldman: Thanks. And then just one quick follow-up. Are there any peculiarities or cadence issues we should think about that are not necessarily obvious? Just as we model 3Q versus 4Q, any timing or headwinds or tailwinds that might not be apparent at first glance, if I could say. Thank you. Luca Zaramella: No. Look, I don't think there is anything that you're going to see in terms of outliers that are going to cause material issues or material opportunities in Q3. You're going to see a volume rebound in Europe. As a consequence, I think, obviously, there is going to be a better situation for the totality of the company. I'm not going to guide you exactly on gross profit. But you're going to see double-digit, most likely revenue growth and double-digit EBIT growth. Below the line,

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SEC filings for MDLZ · Claim quote is verbatim from the 2023Q2 earnings call.