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CLAIM #39704 · Mondelez International Inc (MDLZ) · 2023Q4 earnings call · Jan 30, 2024 · due Mar 31, 2024

I believe total volume mix might be tilted to slightly negative because of the disruption, but I can't go any further than that.

Luca Zaramella · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
total volume mix might be tilted to slightly negative because of the disruption
Reported
Volume/mix was varied for the quarter, with emerging markets flat... developed market volume/mix was down 3.6% for the quarter

In context

a quantitative sense just to how to think about some of the impact potentially on the top and bottom line in the quarter? I realize, like I said, it's impossible to kind of completely forecast it at the time, but just any kind of magnitude at this point would be helpful as we think about our models, perhaps. Luca Zaramella: Look, I think as you look at the Q1 revenue pacing, we are going to have a revenue maybe number that is a little bit below the full year algo. I think you're going to be hopefully happy with the numbers you see across three regions out of the four. Europe is going to be more impacted in relative terms versus the impact that we have already in the base in '23 in Q2, and most likely volume mix, excluding the customer disruption is going to be a nice number and positive. I believe total volume mix might be tilted to slightly negative because of the disruption, but I can't go any further than that. We are in the middle of negotiations and conversations with retailers, and we have planned, we have a sense of what might happen, but time will tell exactly how we will land pricing in Europe. Ken Goldman: Understood. Thank you. Luca Zaramella: Thank you, Ken. Operator: Our next question comes from Bryan Spillane, Bank of America. Bryan Spillane: Hey, thanks, operator. Good afternoon, Dirk, Luca. Dirk Van De Put: Hey, Bryan. Bryan Spillane: It looks just... Luca Zaramella: Hi, Bryan. Bryan Spillane: Hey, just a -- I have a couple of questions, actually, and one is just getting back to the guidance, and I just want to tie in. It's $2 billion a share repurchase this year, but you also repurchased quite a bit of shares in the fourth quarter. So if we think about the impact that share repurch

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SEC filings for MDLZ · Claim quote is verbatim from the 2023Q4 earnings call.