Brittany is an Equity Research Analyst at Edward Jones, where she is responsible for the coverage of stocks in the consumer staples sector. She conducts fundamental investment research and written recommendations on consumer staples stocks. Brittany develops investment thesis and identify investment opportunities through analyzing economic and industry trends, forecasting company earnings, determining valuation and evaluating investment risks. She communicates investment recommendations to clients, network of financial advisors and internal stakeholders.
Consumers are accepting the higher prices, as seen by the healthy increase in sales volumes.
(Reuters) -Mondelez International Inc on Thursday raised its annual forecasts on steady demand for its chocolates and biscuits despite price hikes. Packaged food makers have been raising prices to protect profit margins from higher costs, but have seen little opposition from inflation-hit consumers who continue to prefer chocolates and snacks over private-label alternatives. Revenue from Mondelez's emerging markets surged 21.4% while it jumped 16% in developed markets.