Latest news with #GlowUps
Time of India
01-05-2025
- Business
- Time of India
Mondelez beats first-quarter profit estimates on higher prices
Cadbury-parent Mondelez International beat Wall Street estimates for first-quarter profit on Tuesday, driven by the high prices for its chocolates and biscuits. Mondelez implemented several rounds of price increases in recent quarters to offset rising costs of inputs, such as cocoa in 2024, helping the company's earnings. This, along with its new product rollouts including the launch of the Glow Ups variant of its Sour Patch Kids candy and heavy-handed promotional activities and advertising spending helped the company draw in consumers amid high competition in the market. However, Mondelez faces potential uncertainty due to an anticipated surge in product prices following U.S. President Donald Trump's tariff policies , which may impact consumer spending in the U.S., while the trade wars may affect its expansion efforts into emerging markets. Shares of the Chicago-based company were up about 2 per cent after the bell. On an adjusted basis, the company earned 74 cents per share for the quarter ended March 31, ahead of analysts' average estimate of 66 cents per share, according to data compiled by LSEG. The Toblerone maker reported an increase in its prices by 6.6 percentage points in the quarter, while its volumes fell 3.5 percentage points. Mondelez's net revenue rose 0.2 per cent to $9.31 billion for the quarter, compared with analysts' average estimate of $9.33 billion. The company also reaffirmed its annual forecast, including organic net revenue growth of about 5 per cent and a 10 per cent decline in adjusted profits , noting it does not reflect any potential tariff changes. "Our Q1 pricing and share performance, along with the global strength of our categories, provide us with continued confidence in our full-year outlook," said Mondelez CEO Dirk Van de Put in a statement.
Associated Press
04-03-2025
- Entertainment
- Associated Press
SOUR PATCH KIDS® Introduces Glow Ups: The First-Ever Gummy Candy that Glows Under Blacklight
The brand's latest innovation features edible confetti containing turmeric extract, which gives it an unforgettable glow EAST HANOVER, N.J., March 4, 2025 /PRNewswire/ -- The SOUR PATCH KIDS brand is lighting up the candy aisle with its latest innovation: SOUR PATCH KIDS Strawberry-Watermelon Glow Ups, the first-ever gummy candy that glows under blacklight. Coated with edible confetti that glows, these soft and chewy candies bring an experiential twist to SOUR PATCH KIDS' signature sour-then-sweet sensation, making them a must-try for fans of bold, adventurous candy experiences. Each SOUR PATCH KIDS Glow Ups candy is layered with special edible confetti that emits a fluorescent glow when under a blacklight due to the use of turmeric extract. While turmeric powers the glow, the extract is completely flavorless, allowing the new, mouth-watering strawberry-watermelon flavor to shine through. 'The SOUR PATCH KIDS brand is known for its mischievous personality and willingness to experiment with new flavors and formats,' said Grace Howard, Senior Brand Manager, Mondelēz International. 'With Glow Ups, we wanted to create a candy that goes beyond just taste—something that delivers a multi-sensory experience and surprises fans in a way only SOUR PATCH KIDS can. Bringing this idea to life was a journey fueled by creativity, innovation and a lot of delicious experimentation. We can't wait for fans to experience the glow for themselves.' This playful candy is the perfect addition to any event, from concerts and music festivals to gaming marathons and movie nights. SOUR PATCH KIDS Glow Ups are the ultimate treat for blacklight events, bringing a mischievous, glowing element to the celebration. Whether you're snacking solo at home or sharing with friends, these glowing gummy candies light up any occasion. For those without a blacklight on hand, the SOUR PATCH KIDS brand is introducing an exclusive Snapchat filter, allowing fans to experience the glow using augmented reality. Snapchat users can scan the candy to see it glow as if under a blacklight – no extra equipment needed. Fans can also use the augmented reality experience in selfie mode and scan the packaging to watch their SOUR PATCH KIDS Glow Ups appear on screen, dancing and glowing under a blacklight. SOUR PATCH KIDS Glow Ups will be available online on Wednesday, March 5th, and at all major national retailers later in March in a 3.08 oz small peg bag for an SRP of $1.24 and 6.7 oz large peg bag for an SRP of $2.98. For fans who can't get enough of the strawberry-watermelon combination, Mondelēz International's Swedish Fish® brand is also launching SWEDISH FISH® Mini Strawberry-Watermelon Glow Ups this March, offering the same glowing experience in a soft and chewy Swedish Fish format.
