Business Standard

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.

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Cadbury Maker Mondelez tops quarterly sales estimates

Reuters

(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.)

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First Published: Apr 27 2022 | 7:16 AM IST

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