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CLAIM #39788 · Mondelez International Inc (MDLZ) · 2024Q2 earnings call · Jul 30, 2024 · due Dec 31, 2024

I think we have clearly an expectation that these improve volume mix in the second half and improve revenue in the second half.

Luca Zaramella · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ts of expected -- of disruption that happened in Q2. The whole 4 points of volume mix in Europe are attributable to the consumer -- or the customer disruption, sorry. There is another component which is about the Middle East conflict that impacted on about 3 percentage points for the quarter. The other one, as I said, that you need to bear in mind, is the impact of give and go and this continuation that we had in Q4 last year. But also importantly, last year we had a carryover of the first half disruption in Europe into half two. And that was around about $100 million of revenue impact. So when you strip out all these impacts, you clearly see a much better linearity of the volume mix and revenue. And when you come to terms that the actions that the US is taking around consumers and packs, I think we have clearly an expectation that these improve volume mix in the second half and improve revenue in the second half. Tom Palmer: Okay, thanks for that detail. And just on the A&C side, I know you talked about some meaningful step-ups here in the first half of the year. I think if we look at the timing of some of the step-ups last year, it was maybe a little bit second half weighted at least in terms of the dollar spend. Does that become maybe less of a headwind in terms of the year-over-year pressure as we think about the back half of the year in terms of the flow through to earnings? Luca Zaramella: There might be a little bit of an upside in relation to the fact that, as we mentioned, we are taking a deeper look at all the non-working media part of A&C. I don't expect it to be material for the second part of the year. And importantly, we will continue still investing in our working media. So I don't e

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SEC filings for MDLZ · Claim quote is verbatim from the 2024Q2 earnings call.