Strong Overall Revenue Growth
Mondelez achieved a year-over-year organic net revenue growth of 3.1% in Q1, driven by strong pricing execution and a solid performance in the chocolate segment despite external volatility.
Successful Strategic Initiatives
The company made significant progress in its strategic growth agenda, including brand reinvestment, distribution expansion, and sustainability efforts. Notably, Mondelez added over 100,000 stores in emerging markets and expanded its Cocoa Life program.
Record Performance in Chocolate Segment
Chocolate revenue grew by 10.1%, with successful pricing strategies and innovative product launches like the Cadbury Dairy Milk Biscoff bar contributing to the segment's strong performance.
Solid Free Cash Flow
Mondelez generated $800 million in free cash flow during the quarter, demonstrating financial strength despite significant input cost pressures.
Market Share Gains
The company gained market share in both biscuits and chocolate, particularly in Europe, driven by strong brand loyalty and effective marketing strategies.