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Rosenfeld said that Mondelez has been able to deliver terrific growth since its inception in 2012. They've seen a 500-basis-point expansion in gross margins, double-digit earnings growth and the company has returned $15.6 billion to shareholders. It remains a global player in the $1.2 trillion snack food market worldwide with 40% of revenues coming from overseas.
However, Mondelez is an American company, Rosenfeld noted, employing over 17,000 people here in the U.S., where all but four product lines are made.
When asked about Amazon's bid for Whole Foods Market (WFM) , Rosenfeld said the move is a validation that the consumer is shopping everywhere. Mondelez only derives 2% to 3% of sales online currently, but they plan on becoming a leader online, as they are in stores.
Cramer said Mondelez has taken out a lot of costs and is now going on offense, making it a great time to buy shares.
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