Baking & Snacks

Consolidated net sales reached US$2,787.3 million, an increase of 6.6% compared with the prior-year period, while organic net sales on a constant-currency basis rose 3.6%.

The company plans to invest around €500m (US$576.3m) across the sites in Belgium, the US and Thailand by 2030.

The new fleet will initially operate on selected Albany bread delivery routes, with plans for a phased expansion as the company evaluates performance, fuel efficiency, and environmental impact.

The completion of the transaction gives Vandemoortele full ownership of Banneton Bakery, strengthening its manufacturing footprint in the United States and reinforcing its commitment to serving the growing demand for premium frozen bakery products across the region

Mondelēz International attributed the performance to strong execution across its global operations, continued brand investment, and disciplined cost management.