Mondelez Says Downbeat Americans Are Skipping Snacks

Mondelez International said Tuesday that its U.S. biscuit business declined in recent months as consumers reached for fewer snacks because of concerns over inflation and the economy. Chief Executive Dirk Van de Put said that the U.S. market is slower than the snack giant has seen quite a while. “That is driven obviously by a consumer that is very concerned in general about the economy and frustrated with the pricing they’re seeing,” said Van de Put, whose company makes products such as Oreos, Chips Ahoy and Triscuits.

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