Mondelez Raises Fiscal Year Organic Net Revenue Growth Outlook
July 27 2021 - 5:19PM
Dow Jones News
By Kimberly Chin
Mondelez International Inc. raised its organic net revenue
growth outlook for the year.
The Oreos maker on Tuesday said it expects organic net revenue
to increase by upward of 4%, compared with its prior view of growth
of 3%-plus.
However, it maintained its adjusted per-share earnings growth
guidance in the high single digit. It anticipates foreign currency
exchange rates would contribute a 9-cent positive impact to
adjusted earnings per share, compared with its prior view of a
10-cent positive effect on adjusted EPS for the year.
Mondelez's shares fell 2.4% in after-hours trading to
$63.64.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
July 27, 2021 17:07 ET (21:07 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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