Reported about 15 hours ago
Mondelez International exceeded profit forecasts for the first quarter, buoyed by high prices for chocolates and biscuits amidst rising input costs. The company raised prices significantly and launched new products, which helped to attract consumers despite stiff market competition. However, potential future price hikes due to tariffs and trade tensions may pose challenges. Mondelez reported a slight increase in net revenue to $9.31 billion and upheld its annual growth outlook.
Source: YAHOO