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)

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