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CLAIM #39739 · Mondelez International Inc (MDLZ) · 2024Q1 earnings call · Apr 30, 2024 · due Dec 31, 2024

I mentioned that Ricolino is already recovering. So we should see good growth in Latin America going forward.

Luca Zaramella · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

lf. The acquisitions, we started a little bit softer than expected, particularly in CLIF, and I called out some temporary issues in Ricolino, but you should see a sequential improvement throughout the year. Maybe another couple of points to bear in mind. Elasticities are planned in line with what we have seen in Q1, but we might see a little bit of an uptick, particularly in chocolate. But as we mentioned a few times, we will continue to support our brands. And we will not vacate critical price points, particularly in emerging markets. And we have planned for the same type of softness that we have seen in Q1 as far as the biscuit category goes. But we would expect our share to improve over time as we are revisiting some of the promo mechanics, particularly around brands like Chips Ahoy!. I mentioned that Ricolino is already recovering. So we should see good growth in Latin America going forward. And finally, as far as earnings call, we continue to make progress in removing stranded costs related to the gum business. So I don't expect any particular change in dynamics into Q2 specifically, but we should see, particularly on volume, some sequential improvement as we go through the year, as we land some of the price negotiations, particularly in Europe. Operator: We'll take our next question from Bryan Spillane with Bank of America. Bryan Spillane: So my first question is just can you give us a little bit more color or perspective on emerging markets? I mean you talked about in the prepared remarks how the elasticities have been pretty good, considering how much pricing. So I guess, as we're thinking about balance of the year and just contribution to growth in the back half of t

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SEC filings for MDLZ · Claim quote is verbatim from the 2024Q1 earnings call.