Friday 01 March 2024

Mondelēz posts higher-than-expected results on better pricing, cost cuts

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DEERFIELD, Ill., U.S. – Mondelez International Inc, late Tuesday posted market-beating first quarter earnings results helped by cost cuts, strong sales of its chocolate brands, and better product pricing mainly in Latin America.

Net sales from the company’s main brands, such as Cadbury Dairy Milk, Milka chocolate and Oreo cookies, rose 1.6 percent in the quarter.

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