Mondelez Soars in After-Hours Trading, Boosted by Surging Oreo Prices and Rosy Outlook
Shares of Mondelez International Inc. have risen following the snack company increasing its sales and profit outlook; this is due to higher prices helping offset the smaller gains in products sold. Mondelez, known for Oreo cookies and Ritz crackers, has now boosted its forecast for organic sales growth, or sales excluding the impacts of elements […]