Why Mondelez Stock Blasted 4% Higher on Wednesday [Yahoo! Finance]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
The food company's stock rose by more than 4% largely as a result, on a day when the S&P 500 index sagged marginally by 0.2%. Unwrapping fresh growth The individual behind the rosy pronouncements was Mondelez's chief financial officer, Luca Zaramella. Speaking at a conference for the consumer staples industry , he waxed bullish on his company's current quarter. He said without elaboration that it posted "solid numbers" for July and August, adding, "I think you will be pleased with the numbers you're going to see in Q3." Getting somewhat into the weeds, he cited reduced prices for cocoa -- a foundational ingredient in the many chocolate products the company sells -- as one factor in the recent profitability improvements. He implied that the resulting lower costs give management the scope to increase promotional activities for relatively sluggish goods. Overall, management is counting on 2024 to be a year of growth. In July, it published its second-quarter figures and proffered
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MDLZ
News
- Snack Attack: Jim Cramer Says Choose Carefully When It Comes To Packaged Food Stocks [Yahoo! Finance]Yahoo! Finance
- Andros in talks to buy Carambar chocolate plant slated for closure [Yahoo! Finance]Yahoo! Finance
- FDIV: Designed For A Recession, But Underperforming For Now [Seeking Alpha]Seeking Alpha
- Mondelez International, Inc.'s (NASDAQ:MDLZ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum? [Yahoo! Finance]Yahoo! Finance
- Mondelez Stock Up 10% in Three Months: What's Next for Investors? [Yahoo! Finance]Yahoo! Finance
MDLZ
Earnings
- 7/30/24 - Beat
MDLZ
Sec Filings
- 9/11/24 - Form 4
- 8/28/24 - Form 8-K
- 8/23/24 - Form 424B2
- MDLZ's page on the SEC website