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Oreo-maker Mondelez CEO says Americans are buying fewer snacks: 'There's a lot of consumer anxiety'

1. Mondelez reports a decline in US snack sales due to economic anxiety. 2. CEO cites consumer focus on essentials over snacks amid rising prices. 3. North American sales fell 3.5% year-over-year in Q2. 4. Tariffs may have caused retailers to limit non-tariffed snack purchases. 5. Some consumers still spend on dining despite cutbacks on snacks.

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FAQ

Why Bearish?

The decrease in snack sales indicates consumer restraint, likely impacting revenue.

How important is it?

The article discusses factors directly affecting Mondelez's sales and market position.

Why Short Term?

Immediate consumer behavior changes could affect earnings in the next quarter.

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