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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