- Mondelēz International, the company that split with Kraft earlier this year, reported a net loss in revenue in its first earnings report.
- The company, which took with it brands like Oreo and the Trident, blamed the loss on operational issues in countries like Brazil and Russia.
- These results come to investors in stark contrast to a very good earnings report released by Kraft, leading some analysts to question the reasons behind the split.
From the article:
Mondelēz International was weighed down by operational issues in Brazil and Russia in the third quarter (Q3) which harmed overall performance in its first results since it split from Kraft Foods in October.