date:May 09, 2013
%, led by Chips Ahoy! and Oreo. Operating margin improved 1.2 percentage points to 10.3%.
Adjusted segment operating income was essentially flat to prior year on a constant currency basis, Mondelēz said. Adjusted segment operating income margin was 11.6%, down 0.4 percentage points as lower gross margin, pressured by weak gum results, more than offset benefits from overhead leverage.
Overall, Mondelēz first-quarter results were in line with guidance, said Irene Rosenfeld, chairman and chief