Mondelez International, Inc.
Mondelēz Discloses Impact of JDE Peet's Share Sale on Non-GAAP Financial Results
Summary
Mondelēz International, Inc. disclosed supplemental non-GAAP financial information in connection with the sale of JDE Peet's shares and the developed market gum business. These divestitures resulted in adjustments to the company's historical non-GAAP financial results, providing insight into underlying operating results and transparency on business evaluation. The changes will affect non-GAAP financial results starting from the fourth quarter of 2023.
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About Mondelez International, Inc.
Mondelez International, Inc. is a leading global snacking company specializing in confectionery, food, and beverages. The company produces an impressive array of iconic brands such as Oreo cookies, Cadbury chocolates, Toblerone, and Trident gum. Operating in over 150 countries, Mondelez focuses on providing a wide variety of snacks that appeal to different taste preferences around the world. With a strong commitment to sustainability, Mondelez aims to source ingredients responsibly and ensure environmental protection. The company plays a significant role in the consumer staples sector, heavily influencing global snack market trends through continuous product innovation and marketing strategies. Headquartered in Chicago, Illinois, Mondelez International is a key player in the processed food industry, balancing tradition with modern consumer demands.
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