Unwavering demand for chocolate and snacks underpins Mondelēz’s strong Q2 performance, says GlobalData – Retail Times



Following today’s release of Mondelez’s figures for Q2 FY2022;

Amira Freyer-Elgendy, consumer analyst at GlobalData, a leading data and analytics company, offers her view: “Mondelēz has doubled its FY 2022 forecast from 4% announced in Q1 to 8% in organic net revenue growth, based on favourable volume and price trends. Rivals are seeing equally positive results over the same period – Danone today reported a +7.7% l-f-l rise for Q2 2022. Higher pricing related to higher input costs is boosting performance, and expansion plans and acquisitions have strengthened Mondelēz’s position in fast-growing snacking segments across the globe.

“Mondelēz’s volume growth (+5%) is particularly noteworthy given the inflationary market and an 8% increase in pricing. In comparison, Danone volume growth for this quarter sits at +0.7%. It illustrates that shoppers were not deterred from picking up the company’s well established confectionery products, despite budgets tightening. According to GlobalData, 42% of global shoppers prefer their chocolate, confectionery and dessert products made by foreign/global multi-national brands, boasting the highest stat across any F&G category (2022 Q2 consumer survey results). In North America – the company’s second largest market behind Europe – a negative volume trend (-1%) accompanies the 10.2% pricing increase. This is offset by Asia, Europe, Middle East and Africa, where volume outdoes pricing increases in terms of growth, although these regions register less severe price hikes overall.

“The company has made a number of acquisitions in order to drive growth in high performance categories. Seven acquisitions have been made since 2018, and a further two (Clif Bar & Company; Ricolino) have been announced this year and will be completed by end of Q3, following regulatory review. Acquisitions are enabling the company to tap into major market themes such as wellbeing and premium, as well as core (biscuit and chocolate) and adjacent (cakes, nutrition bars, pastries) categories, building its stable of brands and ensuring a broader global coverage.”


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Following today’s release of Mondelez’s figures for Q2 FY2022; Amira Freyer-Elgendy, consumer analyst at GlobalData, a leading data and analytics company, offers her view: “Mondelēz has doubled its FY 2022 forecast from 4% announced in Q1 to 8% in organic net revenue growth, based on favourable volume and price trends. Rivals are seeing…