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Oreo maker Mondelez reports 8.1 pct fall in quarterly sales
February 7, 2017 / 9:11 PM / 10 months ago

Oreo maker Mondelez reports 8.1 pct fall in quarterly sales

Feb 7 (Reuters) - Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, reported an 8.1 percent fall in its holiday-quarter sales as a strong dollar eroded the value of sales from markets outside the United States.

Net income attributable to Mondelez was $93 million, or 6 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $729 million, or 45 cents per share, a year earlier.

The world’s second-largest confectionary company said its net revenue fell to $6.77 billion from $7.36 billion. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Maju Samuel)

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