Mondelez's Q4 sales rise 5%
Shares of Mondelez International Inc. (MDLZ) fell nearly 2% in the extended session Thursday after the snacks and candy giant posted mixed quarterly results. Mondelez said it earned $1 billion, or 71 cents a share, in the quarter, compared with $1.2 billion, or 80 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 72 cents a share. Sales rose 5% to $7.7 billion, from $7.3 billion a year ago. Analysts polled by FactSet expected adjusted EPS of 73 cents on sales of $7.6 billion. Mondelez guided for "high single digit" per-share growth in 2022. "2021 marked another year of strong top and bottom-line results despite a challenging macro environment," Chief Executive Dirk Van de Put said in a statement. Mondelez stock ended the regular trading dayup 1.3%.
(END) Dow Jones Newswires
January 27, 2022 16:59 ET (21:59 GMT)
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