Oreo maker Mondelez says coronavirus could hurt sales in first quarter

Mondelez has closed two factories near the epicenter of the coronavirus outbreak for 10 days to combat the risk of infection.

The company has already closed two factories near the epicenter of the outbreak for 10 days to combat the risk of infection from the virus.

China is a crucial emerging market to Mondelez, accounting for roughly 4.5% of the company's sales. The company has invested heavily in China in the past few years, focused primarily on product development and marketing there. "It's a bit too early to tell right now what that has done to our sellout," Van de Put said. "But we expect that it will have some effect."

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