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Mondelez International misses quarterly sales estimates on weaker demand
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Mondelez International misses quarterly sales estimates on weaker demand
Jul 30, 2024 1:20 PM

(Reuters) - Cadbury parent Mondelez International ( MDLZ ) missed expectations for second-quarter revenue on Tuesday, as budget-conscious customers opted for lower-priced alternatives amid sticky inflation.

The company posted net revenue of $8.34 billion in the quarter ended June 30, compared with analysts' average estimate of $8.45 billion, according to LSEG data.

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