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Mondelēz International has reported 7.3% growth in first-quarter net revenue to $7.76 billion, "driven by higher pricing and strong volume growth". The owner of BelVita and Oreo said that the rise was driven by organic net revenue growth of 8.6% and incremental sales from the company's acquisitions of Chipita, Grenade and Gourmet Food. In North America, the snack giant reported net revenue growth of 8% for Q1. The company's Europe business saw 3.1% growth, generating $2.94 billion in sales, the largest amount out of all Mondelēz's regions. The company's Asia, Middle East and Africa business witnessed a 7% increase in revenue. Meanwhile, in Latin America Mondelēz saw a 23.5% rise in net revenue, compared with a 7.9% decline in the year-ago quarter. The company has updated its full-year outlook and now expects organic net revenue growth of 4+%, reflecting the "strength of its first quarter". Mondelēz chairman and CEO, Dirk Van de Put, said: "We delivered strong top-line results in our first quarter, driven by higher pricing and strong volume growth. Our chocolate and biscuit businesses continue to power our virtuous cycle of attractive revenue growth, strong profitability and robust cash flow. Demand remains strong across both developed and emerging markets, with all our regions posting growth." He continued: "We expect elevated levels of input cost inflation to continue through the remainder of the year, and we will continue to take necessary actions to offset this dynamic – including a broader revenue growth management agenda, ongoing cost discipline and further simplification within our business...We are also excited about our recently announced agreement to acquire Ricolino that will step-change our presence in the priority market of Mexico – adding to our portfolio some of the country's most beloved chocolate and candy brands, while broadening our distribution footprint with more than 2,100 direct store delivery routes reaching 440,000 traditional trade outlets."