Mondelez International misses quarterly sales estimates on weaker demand
(Reuters) – Cadbury parent Mondelez (NASDAQ:) International missed expectations for second-quarter revenue on Tuesday, as budget-conscious customers opted for lower-priced alternatives amid sticky inflation.
The company posted net revenue of $8.34 billion in the quarter ended June 30, compared with analysts’ average estimate of $8.45 billion, according to LSEG data.
