Cadbury-owner cautious as chocolate lovers baulk at price hikes
MDLZMondelez International(MDLZ) Proactive Investors·2024-01-31 17:47

Cadbury owner Mondelez reported a rise in sales in the final quarter but cautioned consumers are starting to rein back spending after hefty price hikes. Profit margins have been rising steadily through 2023 at the Toblerone and Ritz Crackers group helped by it pushing through higher prices. Revenues in Europe in Europe rose by 11.6% in the final three months led by volumes increasing by 3.3 percentage points but prices were by 8.3pp. Over the year, however, European revenue was up 14.5% suggesting some slow ...