QUICK LINKS: Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:  Follow VendingTimes on Twitter 

Bookmark this site



 
Issue Date: Vol. 53, No. 3, March 2013, Posted On: 2/15/2013


Mondelez Posts Weaker-Than-Expected Q4 Results


Emily Jed
Emily@vendingtimes.net
TAGS: vending, vending machine snacks, Mondelez International Inc., Mondelez fourth quarter, Oreo cookies, Trident gum, Cadbury chocolate, Kraft

NORTHFIELD, IL -- Mondelez International Inc. revenue fell short of its forecast for the second time in its two quarters as an independent company.

Net profit for the fourth quarter was $534 million, or 30¢ a share, down from $830 million, or 47¢ a share, a year earlier. Revenue fell 1.9% to $9.5 billion during the period.

The maker of Oreo cookies, Trident gum and Cadbury chocolate saw organic revenue rise 3.7%, which was slightly weaker than its forecast for mid-single-digit growth of at least 4%.

Mondelez blamed weaker-than-expected performance on lower coffee prices, sales interruptions related to the separation of its businesses and continued weakness in the gum segment. In the third quarter, the company pointed to "short-term executional" issues in Brazil and Russia, that it said have since improved.

Kraft Foods Group spun off from its parent company in October, forming a stand-alone North American grocery business with brands like Maxwell House, Kraft and Oscar Mayer and a separate international snacks business named Mondelez.

Mondelez said it expects 2013 revenue growth to be in the low range of its long-term growth target of 5% to 7%. But it raised the range of its guidance for operating income to a range of $1.52 to $1.57 a share, up from its earlier forecast of $1.50 to $1.55 per share.


Topic: Vending Features

Articles:
  • Crane Merchandising Systems Introduces Fit Pick-Branded Merchant Media Machine
  • New York's Servomation Deploys VendScreen Devices, Improving Customer Experiences At Machines
  • Cantaloupe Systems and Isis Team Up for 'Buy-Three-Get-One-Free' On Cashless-Enabled Vending Machines
  • Crane Merchandising Systems Announces Availability of MEI Integrated Bill Validators on Media Machines
  • Crane Payment Innovations and Crane Merchandising Systems Announce Vision For Vending Management

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570