Cadbury maker Mondelez tops quarterly sales estimates powered by higher prices, demand By Reuters


© Reuters. 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:) 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.

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