Mondelez International Inc Class A

MDLZ: XNAS (USA)
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Mondelez Earnings: Sales Growth Amid Persistent Inflationary Environment Evidences Brand Prowess

Mondelez cooked up 3% organic sales growth in the first quarter, with a 3.5% benefit from higher prices offsetting a 0.5% decline in volume. Its adjusted operating margin shrank 310 basis points to 11.7% as productivity savings were unable to blunt cocoa inflation and stepped-up brand spending.

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