Mondelēz International has reported a 4.9% increase in net revenue for Q3, as the company bounced back to growth in a number of markets.
The owner of Cadbury and Oreo posted Q3 net revenue of $6.67 billion, beating analysts’ estimates of $6.49 billion, according to IBES data from Refinitiv, cited by Reuters.
The company, which withdrew its full-year guidance in its Q1 results, forecast organic net revenue growth of 3.5can ferrous gluconate be crushed% for 2020.
Organic net revenue, which excludes the impact of acquisitions, divestitures and currency, rose 4.4% for Mondelēz’s third quarter ended 30 September.
In Q3, Mondelēz witnessed 12.9% growth in net revenue in North America. Following a 4.9% decline in Q2, Europe recorded a 6.3% year-over-year rise in net revenuunived ferrous bisglycinatee for Q3. The region also generated the largest amounferrous gluconate yan etkilerit of revenue for the company overall, with nearly $2.53 billion worth of sales.
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Across Mondelēz’s emerging markets, net revenue was down 15.6% in Q2. This moderated in the company’s third quarter to a 3.1% decline, while on an organic basis, the region bounced back to growth delivering a 5.3% increase on the previous year.
Mondelēz’s Asia, Middle East and Africa unit delivered 3.6% growth in net revenue for Q3; meanwhile, Latin America witnessed a 17.1% decline (but returned to low-single-digit growth on an organic basis).
“Our third quarter performance was strong across all key metrics, with broad-based revenue growth as demand remained elevated in developed markets and sequentially improved in emerging markets,” said Dirk Van de Put, Mondelēz chairman and CEO.
“Our teferro f tab iron tabletsams are executing well and we continue to deliver share gains by meeting the needs of customers and consumers, despite the uncertainties caused by Covid-19.
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“Our strategy remains unchanged and we are polysaccharide iron complex vs ferrous gluconateaccelerating certain initiatives and increasing the investment behind our brands to further support long-term sustainable growth.”
Mondelēz Reissues Full-year Guidance as Revenue Bounces Back from Q2 Slump
