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In 1Q16, $MDLZ's overall category growth was about 4%. Excluding the Easter shift impact, overall category growth was about 3%. About 65% of snacks revenue gained or held share in 1Q16. Biscuits grew about 2.5%. In chocolate, revenue reflected strong growth in the UK, India and Australia. Gum and candy revenue grew almost 3%.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.