The Rising Influence of Rising Affluence

[DewDiligence]

MDLZ -3% in AH trading on 4Q13 results and 2014 outlook:

http://finance.yahoo.com/news/mondelez-profit-disappoints-shares-fall-224806309.html

Adjusted earnings for the latest quarter were 42 cents per share, including a two-cent-per-share hit from currency translation. Analysts, on average, expected a profit of 44 cents per share, according to Thomson Reuters I/B/E/S. Net revenue was down 0.1 percent to $9.49 billion, but organic net revenue, which strips out the impact of acquisitions and other items, rose 2.5 percent.

…Mondelez…said its organic revenue growth rate would be "at or above our category growth rate," [i.e. the average organic growth rate for the packaged-foods industry] which it forecast at about 4 percent in 2014.