Mondelez CEO Rosenfeld: We Delivered Solid Execution

The transcript discusses the company's confidence in raising profit guidance due to strong execution and margin expansion. It highlights plans to expand chocolate brands in the US market and addresses trends in permissible snacking. The impact of Brexit and challenges in markets like Brazil are also covered, along with future plans for emerging markets and product launches.

What factors contributed to the company's decision to raise their profit guides?

• Consistent performance and margin expansion

• Increased competition

• New product failures

• Decline in market share

Which brands are being introduced in the US chocolate market?

• Hershey's and Lindt

• Mars and Twix

• Oreo and Milka

• KitKat and Snickers

What is the company's strategy to align with the trend of healthier snacking?

• Offering products like Oreo Thins

• Increasing sugar content

• Focusing solely on chocolate

• Reducing product variety

How is the company managing the impact of Brexit?

• By exiting the UK market

• By increasing imports

• By sourcing locally and buying cocoa in pounds

• By reducing product lines

What is the company's approach to the challenges in Brazil?

• Shifting resources to more stable markets

• Focusing on short-term gains

• Increasing investment in Brazil

• Exiting the Brazilian market

What is the expected impact of the chocolate market expansion in the US and China?

• No change in revenue

• Decrease in market share

• Significant contribution to top-line growth

• Minimal impact on sales

What is the company's long-term view on emerging markets?

• They plan to exit these markets

• They see no potential for growth

• They are optimistic about future recovery and growth

• They are reducing investments permanently