Oreo Maker's Growth Forecast Soars Amidst Sweet Tooth Surge
Mondelez International, the maker of Oreo and Cadbury Dairy Milk, has increased its growth forecast for the year due to strong demand for sweets and snacks. The company expects a 12% organic net revenue growth, driven by high demand in its core categories of chocolates and biscuits. This is the second consecutive quarter of growth for Mondelez, with net revenue increasing by 17% in the second quarter. While the company faced disruption in Europe, it highlighted the importance of emerging markets like China for its brands.