Oreo-maker Mondelez calls for slower growth this year
MDLZMondelez International(MDLZ) Market Watch·2024-01-31 06:01

Global snacks giant Mondelez International Inc. late Tuesday called for slower growth this year, hedging that its outlook comes amid “greater-than-usual volatility as a result of geopolitical uncertainty.”Mondelez MDLZ, +0.82% said it expects net revenue growth between 3% and 5% for 2024; the maker of Oreos, Ritz crackers and other popular snack and candy brands grew slightly more than 14% last year. Mondelez earned $950 million, or 70 cents a share, in the fourth quarter, compared with $585 million, or 42 ...