Mondelez International IncQ1 revenue beat estimates and shares rose 5.9% since report
Mondelez reported first-quarter revenues of $10.08 billion, an 8.2% increase year on year, exceeding analysts' expectations by 3%. The packaged snacks giant, known for brands like Oreo and Cadbury, also posted a solid beat on EBITDA and organic revenue estimates. Among the 17 shelf-stable food stocks tracked, overall revenues were in line with consensus, but next-quarter guidance came in 1.8% below expectations. Hershey was the best performer in the group with revenue up 10.6% to $3.10 billion, while BellRing Brands was the weakest, missing estimates with a 1.8% revenue increase to $598.7 million and issuing disappointing full-year EBITDA guidance. Mondelez shares have risen 5.9% since the report.
Mondelez International IncQ1 revenue beat estimates and shares rose 5.9% since report
Bellring Brands LLCBellRing Brands missed estimates with a 1.8% revenue increase and issued disappointing full-year EBITDA guidance.
Hershey CoHershey was the best performer in the group with revenue up 10.6% to $3.10B.
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