date:May 30, 2013
in North America and Europe are expected to expand Mondelēzs base operating income margin by 60-90 basis points annually over the next three years. The company plans to reinvest a portion of the savings to fund growth in emerging markets and for ongoing restructuring.
Ms. Rosenfeld reiterated the companys expectation to deliver 2013 organic net revenue growth at the low end of its 5% to 7% long-term target. In the back half of the year, as headwinds from lower coffee pricing and capacity const