Oreo-maker Mondelez CEO says Americans are buying fewer snacks: 'There's a lot of consumer anxiety'

Oreo-maker Mondelez CEO says Americans are buying fewer snacks: 'There's a lot of consumer anxiety'

Mondelēz International logo and Oreo cookies are seen in this illustration photo taken in Krakow, Poland on September 25, 2021.Jakub Porzycki/NurPhoto via Getty ImagesAmericans are buying fewer Oreo cookies and other snacks, Mondelez said Tuesday.Shoppers' worries about the economy are a major reason.Some stores also likely held off on buying snacks in order to load up on tariff-affected goods.Americans are getting more cautious about spending o…

Oreo Maker Struggles in US Market as Foodflation Bites Back

Oreo maker, Mondelez, reported adjusted earnings per share of 73 cents, exceeding analysts’ expectations of 68 cents. Mondelez shares declined 3.7% after market trading in New York. Oreo maker, Mondelez International, reported a larger-than-expected decline in North American sales in the second quarter, due to economic uncertainty. There is a great deal of consumer worry in the United States, CEO Dirk Van de Put said in an interview with investo…