Mondelēz’s new CEO Dirk Van de Put, who replaced Irene Rosenfeld last November, called 2017 ‘a solid year’ as the company’s organic sales during Q4 and full fiscal year 2017 grew 2.4% and 0.9% respectively.
Hershey has refused to comment on speculation it was among the US companies submitting an initial bid on Nestlé’s US chocolate and candy business last week.
Mintel has revealed India is “defying the odds” as one of the world’s fastest growing chocolate confectionery markets, while the global market posts slow growth in recent years.
Hershey has included in its five-year plan a goal that 50% of its total offering of individually wrapped standard- and king-size confectionery products will be 200 calories or less.
Oreo maker Mondelēz has posted a sharp drop in reported full-year revenues as analysts speculate a potential tie-up with Kraft-Heinz is now uncertain after the Brexit vote and Trump presidency.
Hershey has posted a 2% rise in third quarter sales, driven by innovations in North America, such as Reese’s Pieces Cups, Big Kat and birthday-themed Kisses.
Cadbury and Oreo maker Mondelēz International has posted 1.5% organic revenue growth in the second quarter, but has grown below the combined chocolate, biscuits and gum & candy markets in H1.
Mondelēz International must be careful not to saturate the Cadbury and Milka and Oreo brands with excessive SKUs and be wary cost-cutting measures don't harm revenues further, say analysts.
Chinese consumers are able to buy a fuller range of Mondelēz products, including Oreo Colorfilled, an online platform where people can customize their own Oreo packaging, thanks to the Mondelēz’s latest partnership with Alibaba.
Mondelēz has reported full-year organic revenue growth in chocolate below the overall market and expects the macroeconomic environment in emerging markets to remain challenging.
ChemChina, one of China’s largest chemicals group, is set to acquire KraussMaffei Group and its brands KraussMaffei, KraussMaffei Berstorff and Netstal, for €925m.
Mondelēz International has reported organic growth for the year-to-date up to September, but has grown below the category average in its largest segments biscuits and chocolate.
Lindt & Sprüngli has reported a double-digit rise in net income as it weathers steep price hikes in key commodities such as cocoa, hazelnuts and almonds.
PepsiCo’s research and development used to be focused on brand refreshes but we’re now working with a whole new strategy that is ‘paying off in buckets’, says its global R&D head.
Mondelēz International has continued to grow below the overall chocolate market in first quarter of 2015 after it was the first to raise wholesale prices last year. However, it expects its chocolate business to rebound in H2.
Mondelēz International third-quarter earnings fell 11% compared to last year due to disputes with French retailers over wholesale pricing changes and 'soft' developed market demand.
Hershey has lowered its full year guidance after a slowdown in Brazil and Mexico and a gross profit margin decline due to higher dairy and cocoa costs.
Increased interest in cocoa polyphenols helped Japanese confectioner Meiji grows sales in its latest financial results, while Petra Food and Tootsie Roll also reported sales growth in Q2.
The World Cup will boost sales of peanut-based snacks in Brazil by as much as 30% in Q2, according to Brazil's leading peanut-based candy and snacks producer Dori Alimentos.
Hershey’s chief executive John Bilbrey says he is “very excited” about a mystery new product that will unveiled later this year, and believes fruit and choc snack brand Brookside could become a $500m global brand.
Mondelez International has fallen short of sales expectations in the third quarter (Q3) as the slowing Chinese economy dented consumption, particularly in its biscuit category.
Hershey is expecting the chocolate category to increase advertising spend in the next year to promote a growing number of innovations, which will leverage category growth.
Gum sales are still down for the category's second largest player, but the segment might be showing its first signs of recovery, according to Mondelez’s CEO.
While Mondelēz is not expecting a significant turnaround in gum this year, the world’s #2 gum maker behind Wrigley is “actively testing a number of ideas to rejuvenate the category” that are just starting to pay off, CEO Irene Rosenfeld told analysts...
Sacmi Group said it is expecting a tough 2012 amid strong headwinds that are buffeting the global economy but that the firm is on target to match its strong performance in 2011.
