CLAIM #39887 · Mondelez International Inc (MDLZ) · 2025Q1 earnings call · Apr 29, 2025 · due Dec 31, 2025
“So I'm expecting that Brazil will remain there, maybe accelerate a little bit.”
Dirk Van De Put · CEO
In context
“umber of reasons, we expect a strong -- we had a strong prior year base. We did some pricing in chocolate. We have some elasticity impacts there and we do have a bit of a muted biscuit consumption where we play in the premium segment of the market, and the consumer is switching. We expect India in the remainder of the year to start to grow faster. We expect China, which I mentioned first to remain at high-single-digits for the rest of the year. In both countries, we have a large distribution runway, so we can complement what happens in the same-store sales with extra stores and that makes a difference for us. Brazil was mid-single-digit growth in Q1, we will be doing more pricing in chocolate. We are doing a number of new activities in our biscuit business and in our Candy & Gum business. So I'm expecting that Brazil will remain there, maybe accelerate a little bit. And then Mexico is gradually getting better. You have to keep in mind that we lap there a bit of difficulty with the integration of Ricolino last year. We were low-single-digit in Q1, but we see a good movement on Oreo, Ricolino and Philadelphia in Mexico. So I think there we will also see an acceleration. I wouldn't say that our total of emerging markets will get to double-digit, but certainly we will see an acceleration in the second half from where we are today. David Palmer: Great. That's helpful. Thank you. Dirk Van De Put: Okay. That concludes the call for today. Q1 down, so far so good, and we'll see you for Q2. Luca Zaramella: Thank you, everyone. Operator: Thank you. Ladies and gentlemen, that will conclude today's program. We thank you for your participation. You may disconnect”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2025Q1 earnings call.