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BRIEF-Mondelez expects weakness in North American business to continue in Q2
May 2, 2017 / 10:38 PM / 5 months ago

BRIEF-Mondelez expects weakness in North American business to continue in Q2

May 2 (Reuters) - Mondelez International Inc

* Mondelez International - Company’s biscuits business posted slight revenue decline in Q1 as strong growth in the U.K., Japan, Italy was offset by weakness in the U.S.

* Mondelez International - Company’s chocolate business grew to more than 5%, driven by gains in Germany, India and Brazil in Q1 - conf call

* Mondelez International - Company’s gum & candy business declined over 5% in Q1 as it continues to experience significant weakness, especially in the U.S. - conf call

* Mondelez CFO - In Q2, the year-over-year compare will be more difficult, and we expect North America business to remain challenged - conf call

* Mondelez CFO - “We expect Q2 revenue growth below Q1...”- conf call Further company coverage:

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