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Mondelez Spends to Stay Ahead Overseas; Sales Hit by Coffee, Gum

Mondelez International Inc. (MDLZ) is trying to stay ahead of competitors, eyeing emerging markets' growing appetite for snacks.The maker of Oreos cookies, Cadbury chocolates and Trident gum added to its sales team, expanded distribution into areas like Northeast Brazil and more cities in China, and boosted marketing behind many of its top brands in the first quarter, which Mondelez hopes will pay off with faster sales growth down the road."The race is clearly on for us and our competitors to fortify and expand our positions in these fast-growing, highly-contested emerging markets," Mondelez Chairman and Chief Executive Irene Rosenfeld said on Tuesday's earnings call.The increased spending came as Mondelez encounters weakness in its sales growth due to drops in retail coffee prices in countries like Russia and in Europe, as well as gum sales that plunged by double digits in developed markets like the U.S., Europe and Japan. For the third straight quarter since Mondelez spun off its Nor...

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    General Mills Inc.'s (GIS) fiscal third-quarter earnings rose 1.8% as the maker of Cheerios cereal sold more products in its base business, as measured by weight, fo...

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  8. Potential Glass Fragments Prompt Kellogg Recall

    Kellogg Co. is voluntarily recalling some of its Special K Red Berries cereal packages because of potential dangerous glass fragments, the company said on its websit...

  9. Kellogg recalls some Special K cereal, citing glass fragments

    Kellogg Co said 36,000 packages of its Special K Red Berries cereal could contain dangerous glass fragments and have been pulled from the market, the latest in a ser...

  10. Kellogg Recalls Special K Packages for Glass Fragments

    Kellogg Co. (K) is voluntarily recalling three sizes of its Special K Red Berries cereal packages due to the possible presence of glass fragments.The company is reca...

  11. General Mills, Kellogg Look Beyond Boxes for Cereal

    BOCA RATON, FLA. -- General Mills Inc. (GIS) and Kellogg Co. (K) are both thinking outside the box for their cereal business.The two largest cereal makers in the wor...

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  1. Mondelez 1st-Quarter Profit Fell 30% Amid Spinoff Impacts, Low Coffee Prices

    Mondelez International Inc.'s (MDLZ) first-quarter revenue growth missed long-term targets for the third straight period since spinning off its North American grocer...

  2. Wendy's Names Kellogg Executive as New CFO, Replacing Steve Hare

    Wendy's Co. (WEN) said Steve Hare will step down as finance chief of the burger chain in September, and will be replaced by a Kellogg Co. (K) executive.Todd Penegor,...

  3. Are Defensive Sectors Still Defensive?

    It's no secret that defensive industry sectors like consumer staples and utilities have been leading major U.S. stock market benchmarks to all-time new highs. But ha...

  4. Kellogg 1st-Quarter Net Falls 11% on Higher Costs; Sales Up

    Kellogg Co.'s (K) first-quarter earnings fell 11% on integration and other charges, while the cereal maker's sales increased at a slower-than-expected pace.Kellogg--...

  5. Kellogg's 1Q Profit Sags on Ingredient Costs

    Dragged down by rising ingredient costs, cereal giant Kellogg (NYSE:K) revealed a first-quarter earnings dud on Thursday, although the maker of Raisin Bran and Eggo ...

  6. Kellogg Net Falls 11% on Higher Costs; Sales Up

    Kellogg Co.'s (K) first-quarter earnings fell 11% on integration and other charges, while the cereal maker's sales increased at a slower-than-expected pace.Kellogg--...

  7. Kellogg Earnings Drop, Affirms Full-year View

    Kellogg Co. reported its first-quarter profit fell 13% to $311 million, or 85 cents a share, from $351 million, or 98 cents a share, a year earlier. Revenue rose to ...

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