Speaking at the Deutsche Bank Global Consumer Conference this week, Van de Put said how when he took over in 2017 there was an immediate opportunity to improve margins. To get there, Mondelēz offloaded some parts of its portfolio — most recently a proposed plan to sell its gum and mint business — and instead … Read more
“We have gotten off to a tremendous start to the year with reported sales growth of 16% and adjusted EPS growth of almost 32% in Q1” thanks in part to resilient consumer demand despite mid- to high-single-digit price increase across the portfolio and a “Strategic focus on enhancing our offerings and price points to ensure … Read more
“So far, we have not seen any material evidence of negative [real internal growth] elasticity linked to price increases,” which grew 5.2% overall and a significant 8.5% in North America during the three months of the year, Nestle CFO Francois Roger said during the company’s first quarter earnings call Thursday. Rather than slowing in the … Read more
Consumers’ post-pandemic hopes have been drastically impacted by inflation, reversing optimism they once had in their personal and professional lives. Market researcher EY has launched its latest Future Consumer Index which tracks changing consumer sentiment and behaviors across 18,000 consumers worldwide conducted in February 2022 to identify emerging trends. Consumers are changing their consumption habits, … Read more