Mondelez Misses Third-Quarter Sales Estimates
Mondelez International reported third-quarter net revenue of $9.97 billion, below Wall Street expectations, as consumers facing higher living costs turned away from its higher-priced snacks and chocolates.
Mondelez International NASDAQ:MDLZ missed Wall Street expectations for third-quarter revenue on Thursday, as consumers grappling with higher living costs turned away from the Cadbury parent's higher-priced snacks and chocolates.The company reported quarterly net revenue of $9.97 billion, compared w…