Cadbury maker Mondelez tops quarterly sales estimates powered by higher prices, demand
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.
Source: www.reuters.com
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(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
