Global food conglomerate Mondelez International beat analyst expectations and raised its growth outlook for the year in its Q2 earnings report this week, announcing net revenue growth of 9.5%.
“Our second quarter and first half results were marked by strong top and bottom-line performance across all regions and categories, supporting the raising of our full-year revenue growth outlook,” said chairman and CEO Dirk Van de Put, in a statement. “Our chocolate and biscuit businesses continue to demonstrate strong volume growth and pricing resilience across both developed and emerging markets. These results combined with ongoing cost discipline, simplification and revenue growth management are delivering robust profit dollar growth and strong cash flow, enabling us to increase our dividend by 10 percent.”
