MAAT INDEX

CLAIM #39670 · Mondelez International Inc (MDLZ) · 2023Q3 earnings call · Nov 1, 2023 · due Dec 31, 2024

So I would say we are not done, I believe, in terms of inflation at this point in time.

Luca Zaramella · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

volume and revenue. I think as you go into next year, or as we go into next year, the inflation that you're going to see is higher than mid-single-digit. I think it is going to be towards the higher end of 5% to 10% at this point in time. Coco lately has had a material spike. The reason being the pulp count coming out of [indiscernible] and Africa has been materially different than what people expected, I would say. So there is pressure on coco. The good news is we are covered for a good portion of the first half next year, and we are protected as well for the remainder of the year. So I'm not going to give you a lot of details here, but you would expect inflation in general to go up. And lately, I think you know, energy costs have been going up a little bit more crude oil, particularly. So I would say we are not done, I believe, in terms of inflation at this point in time. There's still could be variability exchange rates is the other one that comes into play. But it might be a little bit higher than the mid-single digits we told you, but we are going to be flexible for sure. As we go through the plans, we have a sensitivity analysis, and we make sure that we are never going to be called by surprise here. Our coverage is favorable, but we will be pricing at replacement cost into '24. Operator: Our next question comes from David Palmer, Evercore ISI. David Palmer: Thanks. Just, first, a follow-up on Andrew's 2024 question. It seems like we should be thinking at least in an year for profit, but maybe a little bit higher than normal on revenue, largely because of the pricing side. Correct me if I'm wrong on that thinking. But digging deeper, I just wanted to a

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SEC filings for MDLZ · Claim quote is verbatim from the 2023Q3 earnings call.