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CLAIM #39743 · Mondelez International Inc (MDLZ) · 2024Q1 earnings call · Apr 30, 2024 · due Dec 31, 2024

So we're expecting, once we get through these short-term issues, that we will see some strong growth in Mexico.

Dirk Van De Put · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ores where we already are but also a big drive in distribution. That will continue for the rest of the year. And we expect that China will be strong. India, we had high single digits. Same sort of dynamics, continue to increase our share in the market and increasing our distribution. India probably won't show the same amount of growth that we've seen in previous years, we expect a bit of a slowdown there, but still expecting a positive year in India. Then Mexico, Luca already commented, Mexico was low single digits driven by some issues with the system implementation in merging Ricolino with our business, but we are gaining shares. Our offtake is good. We had some issues in supplying the market. And now that the system is done, we will really start to work that route to market expansion. So we're expecting, once we get through these short-term issues, that we will see some strong growth in Mexico. And then Brazil was mid-single digits, gaining share, a pretty good gain in distribution, price points are a bit of a discussion there. But we also expect Brazil to look pretty good. So in the 4 biggest emerging markets for us, we feel pretty good about where they are and what we expect for the rest of the year. There are some watch-outs. There is inflationary pressure in Nigeria, Pakistan, Egypt. In the Middle East and Southeast Asia, we have the boycotts of Western products that are affecting us. So not everything is great. But we do believe that emerging markets this year will be giving us sustainable growth. We will get back to volume growth. We feel that the low category penetration that we have and the distribution opportunity that we have will drive this. I think we are also grad

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