- Benzinga
Oreos Costing You More Now? It's Not Just Inflation
You're not alone if you've been spending more on Oreos lately. Mondelez International (NASDAQ:MDLZ), the company behind Oreo and other beloved snacks such as Sour Patch Kids, Ritz Crackers, Milka, and Toblerone, has attributed its price hikes to inflation, higher commodity prices and transportation shortages. However, a closer look at their financials reveals another side of the story. According to the company report, Mondelez's profit nearly doubled in 2023 compared to 2022, with figures at $4.
- Bloomberg
Some Mondelez Shareholders Send Signal on Russian Business
(Bloomberg) -- Roughly 30% of Mondelez International Inc. shareholders voted in favor of a proposal on the company’s human rights policy in Russia and Ukraine, sending a clear signal to management that investors want the snack maker to provide more clarity on its business practices in the warring countries.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsSpaceX Weighs Plan to Sell Shares at $200 Bill
- CNN Business
Oreo-maker Mondelez fined $366 million for rigging European markets
Mondelez, the maker of Oreo and Cadbury Dairy Milk chocolate, has been fined €337.5 million ($366 million) for hindering the trade of chocolate, cookies and coffee between European Union countries in order to keep prices high.
