Mondelez tops quarterly sales estimates powered by higher prices and demand
Mondelez Inc beat Wall Street estimates for quarterly revenue, as higher prices and sustained demand for the chocolates and snacks helped it overcome a hit to business from supply chain hurdles.
Topics
Mondelez International Inc | Cadbury | Chocolates
Reuters
Last Updated at April 27, 2022 07:16 IST
(Reuters) – Mondelez International Inc beat Wall Street estimates for quarterly revenue on Tuesday, as higher prices and sustained demand for the Oreo maker’s chocolates and snacks helped it overcome a hit to business from supply chain hurdles.
Net revenue rose to $7.76 billion in the first quarter from $7.24 billion a year earlier, topping analysts’ average estimate of $7.39 billion, according to Refinitiv IBES data.
(Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra Eluri)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
First Published: Wed, April 27 2022. 07:16 IST
