Mondelez International Inc. reported a 12% increase in net revenue for the first quarter of 2021, reaching $7.24 billion. The company’s organic net revenue grew by 3.8%, driven by strong demand for snacks and confectionery products. Mondelez’s earnings per share were $0.77, exceeding analysts’ expectations. The company’s CEO highlighted the resilience of their business model and their focus on innovation and sustainability. Mondelez’s stock price rose by 2.5% following the earnings report, reflecting investor confidence in the company’s performance.

Read more at Barchart: What to Expect From Mondelez International’s Next Quarterly Earnings Report