Mondelez International says it's happy with its China business and is "absolutely very, very focused in delivering distribution gains," CFO Luca Zaramella says at the Evercore ISI Consumer & Retail Conference.
(Bloomberg) -- Mondelez International Inc., the maker of Toblerone bars and Oreo cookies, is looking to protect chocolate sales volumes by continuing to offer treats at affordable prices, as it awaits an eventual decline in sky-high cocoa prices.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Producer Prices Surprise With Big
Mondelez (MDLZ) benefits from its focus on core categories such as chocolate, biscuits and baked snacks, which have demonstrated resilience during economic downturns.