Shep, strategy, Thank new after launch months the afternoon, we're and Six progress everybody. our making. good our that encouraged of the by I'm and performance you,
strategy unique our new differentiators. Our leverages
leader We in a global are snacking.
not We food. in are general
presence global have an of outside our sales North nearly We expansive America. with XX% of
We growth are our with strategy shareholders. and focused provides have a And platform are local consumers. large strong accelerate culture growth. well-known and cost behind for resonate powerful teams which discipline, create global leverage clear our And that to a brands brands and of we've built rallying to value and future
to executing focused fundamental these consumer-centric organization. Our on built advantages new on more plan these strategies three a it's on create and strategic
in of act and These the agility. with results, creating started topline with strategies. what is operational speed and these to power in our we financial about sustainable key against three first metrics. second, results which reinforce well third, latest to value. my people In us combination focused these create delivered XXXX accelerating am can long-term strong months, a about first the the progress we positioned I financial culture. three achieve driving growth, demonstrate and The mindset shareholder pleased consumer strategy leaves The with quarter. our about winning consumer-centric our a clear against our a confidence with We with excellence,
mix accelerated growth topline with Our X.X% good and volume a of balance to pricing.
markets Brazil growth. and Russia, execution. and emerging strong Asia, we on to to momentum Southeast India, performed X% grew at returned continue Africa back build Mexico our with created China, and well all Our really our
markets developed improvement Europe growth X%, approximately sustained America. by at Our showed supported and in continued a North
expanded increase also of of growth X%. We profit OI achieved and X.X%, we than more dollar gross
growth this EPS us to the quarter. Now deliver enabled for adjusted double-digit
deployed shareholders million, we We of also free cash over cash flow through generation continue $XXX share with and $X buybacks. while billion dividends to improve to
So share examples. details let me with and you more some
strategy consumer-focused growth by first occasions. is and proprietary which insights deep about Our behaviors and snacking is driven
which brands quarter, And is first which gross focus A opportunity to territories. the key India, market. our Cadbury market with is our Chocolate. Oreo The expanded in this biscuit new cookie premium is a which this in in our share space team a dipped offering, result us presence helped chocobakery, gain talked within examples into in couple from our broader We've a strategy globally. extend The area is of this about QX. snacking growing category
playful example about wanting parents child's Another treat. is a
UK. our very strong, a in in with which us exceeding Milk the Treasures controlled Little combined is collectible helped overall toys. of The and portion launch UK, Cadbury to launched sales Dairy chocolate, was series we expectations increase of So a amount the Cadbury
absolutely loved taste. new beyond brand historical specific by also local well. rice quarter this of expanded consumers. the our it's local is the China example an segment biscuits, and is performing adapted wafers, Chinese make and in great into brands. the is quite strategy global uniquely iconic brand area focus portfolio In our of by we A most a core second to in It investing The really to the brand and which here growth of is our our
double-digit, local strong which contributed to which mid also single-digit. We this trend. Dairy one most our call of of remarkable our and brand which global faster growth well in want reversal solid brands, but mention out also I the Cadbury Milk, is grew an is brands Our important global brands across another to brands Oreo, previous biggest high quite grew total had as growth single-digits. to our big I which grew want quarter at that
area focus engage new insight. driven consumer consumer and by strategy is new marketing of playbook. activation third This is to our our as proprietary they with This allowing growth is the us capture refine how our and growth care The brands consumers about. campaigns they change more of the
campaign, local instance, culturally to we effective our concept where highly The global insights playful In it staying took our broad made first Oreo global connecting and traditional Oreo China with adaptations. is used occasions. deliver the here, of example relevant, for we new Chinese
sales As Oreo grown we've double-digit. a result, China
This impulse brand, in of new recovery and regain Another driving The to us of made where small across share. focus here, a within a them channels, innovation, example points to white strategy reaching they is also agile more focus area here example continued markets. where expansion is ChewXRelax we're learning Brazil are, focus sales example then approach our an A campaign was of helping ideas the capturing fourth about a launches, area alternative innovation with our a a the chocolate of approach. for use in our the done market. to trade launch quarter taking is afternoon South scaling this consumer time insights promising which presence approach, snacking of, we growth but in record This stronger category Europe geographical is in spaces. is the reproach of market spreads, last growth our example wherever This strategy an great double-digit distribution big agile reposition drive part the Romania in sales as market. is team second testing spread but Indonesia. traditional is An chocolate business. help we inhabitants. in or expansion strong up France, which here developing within Central area is and opportunity A Milka rituals. countries consumer consumer on in to had and growth a Serbia, in Albania, The in the Croatia. called Bosnia quarter. Through Trident idea The and as gum A&C XX consumption broader business expanding and which a in a and All solid investments from capabilities six the key this includes as of presence the route-to-market our add it first to snacking also countries And to All growth we've million such is country applied well pack more from price a expanded where proud than in together total these which way. brand double-digit the and here are in particularly into architecture. months. major in first Bulgaria, is went to idea led channel What of in PataMilka our changing
all model sales capabilities and translating and now, strategy our operational supply for focusing growth of elements So leverage our incremental can availability. strategy, in-store form we deliver sales come into aimed our excellence where execution This switching and is of by on at the to in our consumer-centric margins, across logistics business. second customer outstanding execution, which improving to instance, presence
We've from of airing the ahead in plants. investments power are display where focus also in a as results; the helped is the know, particular double-digit, we consumption behind our Oreo to Conference. America, of recent themed displayed model. you here talked the few Brazil Curitiba making Game you and leveraging distribution North launch This single-digit the particularly was pack our up in continued to benefit the This chain, including CAGNY to our about supply as low pack. conversion season at Thrones feature our direct-to-store of and As improvements We new to important growth has well of prominently U.S.
Another in our to our efficiency helped volume that growth Suzhou world-class in China, plant example drive strong market. would be where has
The to sense culture. energy, making Turning This teams renewed of is our winning grow. our a to are a our have helping drive passion. given last and strategy, to growth which purpose nurture we changes opportunities them is more uncover
launched we mentioned have organization business before, to unit nimbler incentives growth. a more commercial with As drive I empowered the right
As a commercial entrepreneurially. needs, result, our meet better move to and positioned consumer fast organization act is
and our working empowered brands, global these across focused different business, faster and capabilities we local of as more are launching sales themes, efficient growth and also higher mindset. across on our project investment as We a based more And investment already A&C newly innovation. accelerating Under functions. agile our seeing we're growth are systems split training in and like benefits, in well better and accelerated also
of culture of great snacking unlock opportunities snack to the our is The in change aims the an to drive growth futures world Another is venture which creation initiative to internal innovation an network. innovation by start. off creating our and external hub and evolution step around a
we We have in snacking focused biscuits. made and snacks, chocolate of portfolio a also is company Hu, and which healthy minority investments on called vegan invested a in prebiotic paleo with functional Uplift and foods,
of Snacking of our recently of leader Life in and purpose, for was inspired want strengthen partner firsthand strategies Cocoa our relates how and fortunate am to important I with our we have Cocoa Coast, this not Program. focus sustainable for farmers empower purpose we empower we the Finally, company our the right achieve talk to to of Ivory will company. impact witnessed is many starts we chain livelihoods. future as to to snack to people aspects to are that Program. I we I right Ghana everyday three Sourcing farmers how this our snack announce on business, the working in ingredients. the And part meet made but I right. are as to Sustainability and to stakeholders sustainable with journey accelerate our The because the the supply our about least proud world. to by people me an empowering source to
we huge International. team our globally today. further toward an Life through use securing also our increase the So from growth is a and Sustainability Cocoa That XX% by Mondelez our in of And XXXX, company. commit program, sustainable we Program. step an Cocoa important is chocolates XXX% be for milestone for our This will that our sourced
in topline our culture. growth, against in tangible I'm place summary, our to Particularly have in the opportunities So that snacking in very markets. and the we right feel our market our with I in strong emerging strategies to we capitalize in a and improvement excellence way on confident pleased that in see those we strategies executing that see operational also our position, are is bringing and very
got of Our we've quarter head investment. into results first this demonstrate that year as momentum we
categories well creative Our performing in brands global our are and increased are generally in advertising, innovation. local benefiting from investment and both
very our is in this teams motivating of All the for markets.
and empowered feel they trusted and think perform. ready I to
So Luca let on our to performance. me for more now detail turn QX
