Mondelez

Popular Brands Investigate Palm Oil Sourcing Following Deforestation Report

Brands have investigated suppliers after reports that palm oil from an illegally cleared area may have ended up in their supply chains.

Mondelēz International announced its Cadbury sharing bars in the UK and Ireland will be wrapped in 80% certified recycled plastic packaging.

Mondelēz International beat third-quarter revenue and profit estimates on Tuesday on a rebound in demand and higher prices.

Shares at Kellanova surged 18% in early trading on Monday after a Reuters report said Mars was exploring a potential buyout of the company.

Kellanova raised its annual organic sales and profit forecasts on Thursday as consumers opted for its products despite higher prices.

Hershey cut its annual profit forecast on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending.

Kraft Heinz slashed its organic sales forecast for 2024 on Wednesday after missing quarterly revenue estimates.

Mondelēz International missed expectations for second-quarter revenue on as budget-conscious customers opted for lower-priced alternatives.

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