CLAIM #39646 · Mondelez International Inc (MDLZ) · 2023Q2 earnings call · Jul 27, 2023 · due Jul 27, 2024
“That is going to continue, that speed at which we continue to grow.”
Dirk Van De Put · CEO
In context
“. Dirk Van de Put: Hi, Jason. Jason English: Look, I want to pull on that thread you just brought up, the opportunity to drive accelerating growth, invest, find distribution. I believe in the past, you've outlined some of the distribution opportunities you see in front of you in Brazil and Southeast Asia and India as well as the opportunity that's coming on the back of the Ricolino acquisition. Can you update us something on where those opportunities lie, how much progress you've made and how much progress is supposed to be had? Dirk Van de Put: Yes. The opportunities typically lie in the emerging markets in the first place. And so the countries that you should be thinking about are India and China where we have been going at the rate of well over 100,000 to 200,000 new stores every year. That is going to continue, that speed at which we continue to grow. We do the same in Southeast Asia, and we're also looking at opportunities to do something similar in Latin America. So that's the number 1 driver of what we think. And you should think about it at the same pace as what it has been in the last two, three years. The second one is, we call it going broader, which means that we can start to increase the range of our products that are available in stores, also, again, largely in emerging markets. That's another big driver of our distribution. China has started to do that in the last two, three years. And that's going pretty well for us. And so that's a second sort of front that we are working on around the world. And then the last one is the acquisitions where we are starting to do test and learn with these products in different markets around”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2023Q2 earnings call.