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Core Insights - CHIPS AHOY! has launched a new product, Baked Bites, which is a soft-baked treat in a Blondie variety, expanding its offerings beyond traditional cookies [1][2][4] - The Baked Bites are made with real chocolate chips and do not contain high fructose corn syrup, appealing to health-conscious consumers [2][4] - To promote the new product, CHIPS AHOY! is hosting a "Sweet Getaway" sweepstakes, offering immersive hotel experiences in New York City [3][4] Product Details - Baked Bites are square-shaped with a chewy texture, inspired by brownies, and are packaged in convenient snack packs [2][5] - Each box of Baked Bites retails starting at $3.98 and contains five snack packs, making it suitable for on-the-go consumption [5] - In addition to Baked Bites, CHIPS AHOY! is introducing a new Chocolate Caramel Cookie flavor in early 2025 [5] Marketing Strategy - The "Sweet Getaway" sweepstakes allows fans to win a themed hotel stay in Baked Bites rooms, enhancing brand engagement [3][4] - The immersive experience includes themed decor and exclusive food and beverage items at the hotel, further promoting the new product [3][4] Company Overview - Mondelēz International, the parent company of CHIPS AHOY!, reported net revenues of approximately $36 billion in 2023, indicating strong market presence [7] - The company is recognized for its iconic brands and is a member of major stock indices, reflecting its stability and growth potential [8]

Core Insights - Mondelez International, Inc. is undergoing a significant digital transformation by partnering with Amazon Web Services (AWS) as its primary cloud provider, migrating hundreds of workloads to enhance agility, reliability, and security across its global operations [1][5] - The migration of Mondelez's enterprise resource planning (ERP) systems to SAP RISE powered by AWS is expected to improve performance and reliability while integrating advanced AI capabilities for better data-driven decision-making [2][3] - Mondelez has approved a $1.2 billion investment for a multi-year ERP system transformation program, with the majority of the funding allocated for operating expenses and expected completion by 2028 [6] Digital Transformation and Innovation - The partnership with AWS focuses on modernizing ERP systems and strengthening internal platform engineering, prioritizing automation, security, and agility to foster innovation [3] - AWS's energy-efficient technologies align with Mondelez's sustainability goals, reducing energy consumption and minimizing the carbon footprint while improving operational efficiency [4][5] Financial Performance and Growth Strategy - Mondelez reported a 5.4% increase in organic net revenues in Q3 of fiscal 2024, driven by favorable pricing and cost reductions, with chocolate products seeing a strong 9.2% growth year over year [9] - The company expects organic revenue growth of 3-5% for fiscal 2024, alongside high-single-digit adjusted earnings per share (EPS) growth, supported by strategic acquisitions like the recent purchase of Evirth in China [9] Market Position and Future Outlook - Mondelez's focus on core categories such as chocolate, biscuits, and baked snacks positions it for long-term success, catering to health-conscious consumers with relevant snacking options [8] - Despite challenges from fluctuating foreign currency exchange rates, Mondelez remains committed to driving innovation and growth through digital transformation and strategic investments [10][11]

CHICAGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (NASDAQ:MDLZ) has entered a strategic partnership with Amazon Web Services (AWS) to enhance digital innovation across the company. Mondelēz has designated AWS as its strategic cloud provider and has already migrated hundreds of workloads. Leveraging AWS's industry leading cloud infrastructure and services, Mondelēz will achieve greater security, agility, and reliability for its operations including migrating its ERP landscape to SAP RISE powe ...

Designates AWS as a strategic cloud provider, accelerating its cloud transformation journeyCHICAGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) has entered a strategic partnership with Amazon Web Services (AWS) to enhance digital innovation across the company. Mondelēz has designated AWS as its strategic cloud provider and has already migrated hundreds of workloads. Leveraging AWS’s industry leading cloud infrastructure and services, Mondelēz will achieve greater security, agilit ...

Mondelez International, Inc. (MDLZ) has been making strategic moves to aid overall growth. The company has been committed to reshaping its portfolio through prudent acquisitions and divestitures, alongside increasing focus on areas with high-growth potential. Mondelez’s healthy cash flows enable it to undertake shareholder-friendly activities. In the latest update, the company’s board has approved a new share repurchase authorization of up to $9 billion of its Class A common stock. This is effective Jan. 1, ...

Beloved bite-sized snack rolls out its first new flavor in nearly a decade, offering up a mouthwatering blend of spicy and cheesy in each crunchy biteEAST HANOVER, N.J., Dec. 12, 2024 /PRNewswire/ -- For the first time in nearly a decade, RITZ Bits Cracker Sandwiches are introducing a brand-new flavor to heat things up: Spicy Queso. Offering a savory, flavorful taste, RITZ Bits Spicy Queso Cracker Sandwiches are a delicious addition to spice up your snack collection – whether you're munching at home or snac ...

In a move that could reshape the global confectionery landscape, Mondelez International, Inc. (MDLZ) is exploring the acquisition of iconic chocolate maker The Hershey Company (HSY) , per media sources. If finalized, the acquisition would create one of the world's largest confectionery companies.This acquisition, if successful, would significantly strengthen Mondelez’s position in the U.S. chocolate market. Hershey's established dominance would complement Mondelez's global presence, particularly its Europea ...

New $9 billion authorization for share repurchaseCompany declares regular quarterly dividend of $0.47 per shareConfirming capital allocation priorities, including brand and capabilityreinvestment, bolt-on acquisitions, share repurchase and dividends CHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (NASDAQ: MDLZ) approved a new share repurchase authorization of up to $9 billion of Class A common stock, effective January 1, 2025. The new authorization, effectiv ...

Leadership Changes - Volker Kuhn appointed as Executive Vice President and President, Europe, effective April 1, 2025, reporting directly to Chair and CEO Dirk Van de Put [1] - Kuhn replaces Vinzenz Gruber, who is retiring effective April 1, 2025 [1] - Kuhn will join Mondelēz on January 6, 2025, to ensure a smooth transition with Gruber [1] Volker Kuhn's Background - Kuhn joins from Reckitt's hygiene business, where he delivered top- and bottom-line performance acceleration through innovation and category growth [2] - Previously served as Reckitt's Chief Transformation Officer [2] - Spent 26 years at Procter & Gamble, leading growth accelerations, turnarounds, and business transformations across multiple regions [3] - Led the successful carve-out and divestiture of Duracell from P&G to Berkshire Hathaway [3] - Expertise spans consumer products categories, including 10 years leading Pringles Snacks division in Europe [3] CEO's Perspective - Dirk Van de Put highlights Kuhn's international consumer packaged goods experience and leadership impact as key to accelerating growth in Europe [4] - Kuhn's role will focus on strengthening consumer loyalty to Mondelēz's iconic brands [4] Acknowledgment of Outgoing Leader - Van de Put thanks Vinzenz Gruber for his leadership in advancing core brands like Cadbury, Milka, and Oreo across Europe [5] - Gruber's tenure saw expansion into snack bars, cakes, and pastries, setting the business up for continued growth [5] Company Overview - Mondelēz International operates in over 150 countries with 2023 net revenues of approximately $36 billion [6] - Leading the future of snacking with iconic brands such as Oreo, Cadbury Dairy Milk, Milka, and Toblerone [6] - Member of the S&P 500, Nasdaq 100, and Dow Jones Sustainability Index [6]