Mondelez beats second-quarter revenue estimates on strong international demand
To offset rising input costs such as cocoa, Mondelez raised prices over successive quarters, boosting profits. Resilient demand despite the hikes supported revenue growth in key segments such as Europe.
Macroeconomic uncertainty from U.S. trade tariffs under President Donald Trump has pressured consumer spending in the United States, pushing budget-conscious shoppers toward cheaper private-label alternatives.
Mondelez, which reported the trend last quarter, said it plans to counter it through value-focused price packs.
Shares of the Chicago-based snack maker fell about 3% in after-hours trading but are up nearly 16% so far this year.
The company reported net revenue of $8.98 billion for the quarter, topping analysts' average estimate of $8.84 billion, according to data compiled by LSEG.
On an adjusted basis, Mondelez earned 73 cents per share for the quarter, compared with analysts' average estimate of 68 cents per share.
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The Independent
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- The Independent
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The Independent
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