Mondelez: Currency Translations to Boost Full-Year Revenue Growth -- Currency Comment
July 27 2021 - 5:34PM
Dow Jones News
By Paulo Trevisani
Food retailer Mondelez International said Tuesday that currency
translations are expected to boost its 2021 revenue and
earnings.
The Chicago-based seller of Cadbury chocolate bars and Trident
gum with operations in 160 countries estimates foreign exchange
rates will increase 2021 revenue growth by about 2%, with a
positive impact of 9 cents on adjusted earnings per share.
Mondelez said its forex estimates are based on rates published
by XE.com on July 20.
The company said FX had a favorable impact on its second-quarter
revenue, which rose 12.4% from a year earlier to $6.64 billion.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
July 27, 2021 17:20 ET (21:20 GMT)
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