date:May 08, 2013
The company, which also makes Oreo cookies, Cadbury chocolates and Ritz crackers, on Tuesday reported a first-quarter profit in line with Wall Street expectations following its split with Kraft Foods Group last year.
Cookies like Chips Ahoy continued to grow more popular around the world, particularly in emerging markets such as China. But in key developed regions such as the U.S., Europe and Japan, gum sales continued to slide.
The results partly reflect an overall decline the U.S. gum market