Financial PerformanceMondelez had a robust 3Q benefiting from favorable cocoa procurement and hedging and pricing in line with market, which significantly boosted their gross margin.
Innovation And Pricing StrategyThe company has implemented pricing and packaging adjustments, which have seen early success with gradual sales improvement in its Chips Ahoy! biscuit brand.
Strategic PartnershipsThe company has partnered with Lotus Biscoff with new product launches expected in 2025, which is targeted to expand chocolate growth in Europe and biscuit growth in India.