Mondelez CEO keeps it real on inflation as earnings trounce estimates

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Dirk Van De Put,Inflationary Environment,Mondelez

Mondelez CEO Dirk Van de Put tells Yahoo Finance inflation remains a problem.

That led to Mondelez taking a "cautious" approach to its full-year guidance today by simply reiterating its top and bottom outlooks, per Van de Put.With its stock price down slightly on the year, Mondelez used the opportunity to buy back $568 million in stock in Q1. A year ago, it repurchased $399 million in stock.Despite the better-than-expected start to the year, Mondelez still expected organic sales growth of 3% to 5% and high-single-digit-percentage adjusted EPS growth.

Inflation is likely to stay "sticky" in the near term, which will complicate future moves on interest rates, Deutsche Bank chief US economist Matthew Luzzetti said on a new episode of the. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com. Are you a CEO and want to come on Yahoo Finance Live? Email Brian Sozzi.

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