date:Feb 13, 2014
2.5 percent.
Its gum business performed well, but its China business took a hit as distributors there reduced biscuit, or cookie, inventory
Mondelez on Wednesday said its organic revenue growth rate would be at or above our category growth rate, which it forecast at about 4 percent in 2014.
We're disappointed that our results were below what we and our shareholders originally expected, Mondelez Chairwoman and Chief Executive Irene Rosenfeld said in a statement. We're committed to improving re