date:Aug 07, 2014
average of estimates compiled by Bloomberg. Selling, general and administrative expenses declined 10 per cent.
Peltzs Trian Fund Management LP, which owns almost 2.5 per cent of Mondelez, has pushed chief executive officer Irene Rosenfeld to boost profit margins amid slowing growth in once-booming emerging markets. The company named Peltz to its board in January, after Trian abandoned a proposal for Mondelez to merge with PepsiCo Inc. to spur growth.