Home Coffee Business Mondelez decl...

Mondelez declining for 11th straight quarter

Mondelēz

MILAN – Mondelez International’s quarterly net revenue fell nearly 18 percent, declining for the 11th straight quarter. The 17.7% slump was driven by Mondelez’s deconsolidation of the coffee business and the Venezuela operations, as well as currency headwinds, the company said.

The Deerfield, Illinois-based company said it had net income of 29 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 44 cents per share.

Dear Reader,
you are not required to purchase anything for certain limited use of Comunicaffe International.
However, if you do not purchase a subscription, your access to our contents will be limited.
For further information about our subscriptions please visit the subscription page.

 

If you are already subscribed please type here your credentials: