Mondelez CEO Says Consumers Are Clearly Snacking More

0
155

Oreo's parent company Mondelez International Inc's (NASDAQ: MDLZ) conversations with consumers in the U.S. and Europe show that 50% "are clearly indicating they are snacking more," CEO Dirk Van De Put said Tuesda on CNBC's "Closing Bell."

Mondelez Sees Continued Momentum 

When Mondelez first saw a spike in sales across some of its food and snack lines, the company assumed it was part of "pantry-loading," the CEO said.

But the momentum has now carried over for more than six weeks, he told CNBC. 

"Unless consumers are building a warehouse for Oreos at …

Full story available on Benzinga.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here