UPDATE 1-Snack maker Mondelez results beat on strong demand in Europe [Reuters]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: Reuters
UPDATE 1-Snack maker Mondelez results beat on strong demand in Europe | Reuters Reuters Staff 2 Min Read (Adds details, estimates) May 1 (Reuters) - Mondelez International Inc topped Wall Street estimates for first-quarter profit and sales, helped by strong demand for Oreo cookies and belVita biscuits in European and emerging markets. The snack maker’s shares, which have fallen over 9 percent this year, rose 2.6 percent to $40 in after-market trading on Tuesday. Sales in Europe, the company’s biggest revenue generating segment, rose 14.4 percent, while emerging markets that include Latin America and Asia saw a 7.6 percent rise in sales. Net sales from the company’s brands such as Cadbury Dairy Milk, Milka chocolate and Oreo cookies, rose 8.2 percent to $5.14 billion. The company’s net revenue rose 5.5 percent to $6.77 billion, beating the analyst average estimate of $6.65 billion, according to Thomson Reuters I/B/E/S. Net income attributable to the company rose to $938 million, or 62
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MDLZ
Earnings
- 1/30/24 - Beat
MDLZ
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- MDLZ's page on the SEC website