(Reuters) – Mondelez International Inc beat market expectations for quarterly sales on Tuesday, as more consumers snacked on the Oreo maker’s chocolates and snacks over the holiday season even as inflation pinched pockets.
The company’s net revenues rose to about $8.70 billion in the fourth quarter from $7.66 billion a year earlier, while analysts on average expected $8.33 billion, according to Refinitiv IBES data.
(Reporting by Deborah Sophia and Aatrayee Chatterjee in Bengaluru)
Copyright 2023 Thomson Reuters.
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