Mondelez up after quarterly profit beat on higher product prices
ReutersApr 29, 2025 8:56 PM
Shares of Cadbury parent Mondelez International MDLZ.O up ~2% at $66.81 after the bell
Co beats Q1 profit estimates helped by higher prices for products
Co also reaffirms annual sales, profit forecast
Our Q1 pricing and share performance, along with the global strength of our categories, provide us with continued confidence in our full-year outlook- CEO Dirk Van de Put
Reports Q1 adjusted EPS of 74 cents vs. estimates of 66 cents per share and net revenue rise 0.2% to $9.31 billion vs. estimates of $9.33 billion, according to data compiled by LSEG.
Up to last close, stock has fallen ~10% YTD
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