Mondelez shares dip as volumes wobble after price hikes
MDLZMondelez International(MDLZ) Proactive Investors·2024-01-31 17:56

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 Cadbury group helped by higher prices. Volumes though are starting to reflect those rises, said analysts with North American volumes down 5.5 percentage points in the fourth quarter owing to weaker biscuit sales and stock rotation. Product prices in the region rose 7.4 points, helping organic sale ...