Home Markets Oreo maker sweetens sales outlook as emerging markets bounce back

Oreo maker sweetens sales outlook as emerging markets bounce back

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Mondelez International’s Oreo biscuits are seen in this illustration picture taken July 26, 2021.REUTERS/Dado Ruvic/Illustration

July 27 (Reuters) – Mondelez International Inc (MDLZ.O) raised its full-year organic revenue forecast on Tuesday, as more consumers snacked on the food giant’s Oreo cookies and Cadbury chocolates across emerging markets including Brazil and China.

Demand for the Toblerone maker’s biscuits and snacks has picked up across India, Russia and other emerging markets which struggled to pull in sales last year while pandemic-led curbs kept people at home.

“Mobility is increasing as restrictions ease, but at-home consumption remains elevated and it appears that higher levels of working from home and shopping online are here to stay,” Chief Executive Officer Dirk Van de Put said on a call.

Mondelez is now doubling down on emerging markets by ramping up capacity and increasing production lines rather than opening new facilities, aiming to…

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