“Consumer confidence overall in the U.S. is pretty good,” said Chief Executive Dirk Van de Put.
He said that while Mondelez doesn’t plan to raise prices as a result of tariffs, trade tensions could weigh on consumer spending more broadly if other companies make their products more expensive.
Mondelez raised its sales-growth outlook for the year to about 2%, excluding acquisitions, divestitures and foreign currency fluctuations, from a previous estimate of 1% to 2%.
The maker of Oreos, Wheat Thins and other snacks struggled along with its peers in recent years to generate sales growth in the U.S. as Americans swapped packaged foods for more fresh, natural alternatives.
Mondelez also was hit last year by a cyberattack that disrupted its ability to make deliveries, denting sales for several quarters. It took months to resolve the supply-chain and customer-service issues with retailers in North America, which accounts for one-quarter of the Deerfield, Ill., company’s revenue. Since resolving those disruptions, Mondelez’s comparable sales in North America rose 5.7% in the quarter.
Oreo Thins Bites and Ritz Crisp & Thins, in particular, have sold well, Mr. Van de Put said.
He said U.S. snack sales industrywide are up 3.1% this year, positioning Mondelez for growth domestically, as its business in emerging markets also benefits from growth in many of those countries. Globally, Mondelez’s comparable sales rose 3.5% in the quarter, including a 4.7% rise in emerging markets.