Stock Market News
Cadbury maker Mondelez tops quarterly sales estimates powered by higher prices, demand
2022.04.26 23:50
FILE PHOTO: Mondelez International logo and stock graph are seen displayed in this illustration picture taken July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Mondelez International Inc (NASDAQ:MDLZ) 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.
