Mondelez International Unveils Growth Targets
Mondelez International, the new global snacks company that will be separated from Kraft Foods next month, is projecting organic revenue growth of 5-7% and double-digit operating EPS growth on a constant-currency basis over the long term. “These rates are higher than our previous long-term targets for Kraft Foods prior to the spin,” says Dave Brearton, executive vice president and chief financial officer of Mondelez International.
Following the division of the Kraft Foods business, Mondelez International will be a high-growth global snacks company with annual revenue of approximately $36 billion and several billion-dollar brands including Cadbury, Jacobs, LU, Milka, Nabisco, Oreo, Tang and Trident. The spin-off company, Kraft Foods Group, will be a high-margin North American grocery company with annual revenue of approximately $19 billion and billion-dollar brands including Kraft, Maxwell House, and Oscar Mayer.
