{"id":21584,"date":"2017-02-08T06:22:47","date_gmt":"2017-02-08T06:22:47","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=21584"},"modified":"2017-02-08T06:22:47","modified_gmt":"2017-02-08T06:22:47","slug":"oreo-maker-mondelezs-sales-profit-miss-estimates","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/oreo-maker-mondelezs-sales-profit-miss-estimates.html","title":{"rendered":"Oreo maker Mondelez&#8217;s sales, profit miss estimates"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<strong><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Oreo maker Mondelez&#39;s sales, profit miss estimates<\/span><\/span><\/strong><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Oreo maker Mondelez&#39;s sales, profit miss estimates:- Mondelez International Inc (MDLZ.O), the maker of Oreo cookies and Cadbury chocolates, reported lower-than-expected holiday-quarter sales and profit due to a strong dollar that eroded the value of sales outside the United States.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The company, which gets more than 75 percent of its sales outside the United States, also said that it expects its 2017 revenue growth to be hit by 1 percent and adjusted earnings to be down by 3 cents per share due to the strong dollar.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The average value of the dollar rose 2.3 percent against a basket of currencies in the fourth quarter, from a year earlier.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Mondelez said its fourth-quarter sales in Europe, its largest market, was down 4.7 percent. However, they were up marginally on a constant currency basis.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The world&#39;s second-largest confectionary company last month raised prices for some of its products as it grapples with higher commodity costs.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The Deerfield, Illinois-based company&#39;s net revenue fell 8.1 percent to $6.77 billion in the quarter.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Analysts on average had expected revenue of $6.89 billion, according to Thomson Reuters I\/B\/E\/S.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Net income attributable to Mondelez was $93 million, or 6 cents per share, in the quarter ended Dec. 31, compared with a loss of $729 million, or 45 cents per share, a year earlier.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Excluding items, Mondelez earned 47 cents per share, missing the average analyst estimate by a cent.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The company&#39;s shares were down slightly at $43.93 in extended trading on Tuesday.<\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:8px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-http:\/\/www.reuters.com\/article\/us-mondelez-intl-results-idUSKBN15M2GL<\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/oreo-maker-mondelezs-sales-profit-miss-estimates.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Oreo maker Mondelez&#39;s sales, profit miss estimates Oreo maker Mondelez&#39;s sales, profit miss estimates:- Mondelez International Inc (MDLZ.O), the maker of Oreo cookies and Cadbury chocolates, reported lower-than-expected holiday-quarter sales and profit due to a strong dollar that eroded the value of sales outside the United States. The company, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[699,13324,3242,13323,13321,11553,13322,12518,3299,547],"class_list":["post-21584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-breaking-news","tag-intl","tag-latest-news","tag-mondelez","tag-oreo-maker-mondelezs-sales","tag-performance","tag-profit-miss-estimates","tag-results","tag-united-states","tag-us"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/21584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=21584"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/21584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/21585"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=21584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=21584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=21584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}