Reported about 23 hours ago
Mondelez International exceeded Wall Street's expectations for second-quarter revenue and profit, fueled by robust consumer demand for premium chocolates and biscuits, especially in international markets like Europe. Despite rising input costs, the company has successfully raised prices, contributing to significant revenue growth. However, volumes in North America are declining due to economic pressures, prompting Mondelez to focus on value-oriented packaging in the U.S. The company reported $8.98 billion in net revenue for the quarter, beating analysts' estimates.
Source: YAHOO