By Denny Jacob 
 

Mondelez International Inc. reported higher revenue Thursday as volume for its goods, increased pricing and recent acquisitions combined for a better-than-expected fourth quarter.

The snacking giant posted $7.66 billion in net revenue for the quarter, up from $7.29 billion in the same period last year. Analysts polled by FactSet had expected $7.59 billion.

The company cited volume and pricing for an increase in its organic net revenue growth. It also cited the recent acquisition of Hu, Grenade and Gourmet Foods for the higher revenue.

Net earnings for the fourth quarter was over $1 billion, up from $950 million in the fourth quarter of 2020.

The Chicago-based company posted per-share earnings of 71 cents in the quarter ended Dec. 31, down 11.3% from the prior year. Adjusted per-share earnings were also 71 cents, up 9.1% from the prior year. Analysts polled by FactSet had expected adjusted per-share earnings of 73 cents.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

January 27, 2022 16:53 ET (21:53 GMT)

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