Cadbury owner disappoints markets with lower-than-expected results
CADBURY owner Mondelez International Inc, a subsidiary of Kraft, has disappointed investors in the United States by reporting weaker-than-expected revenues for the second time in its two quarters as an independent company.
However, Cadbury Dairy Milk continued to be one of its star performers, seeing double-digit growth.
The group’s shares fell 3.7% in afterhours trading in the US.
Mondelez, which also makes Trident gum and Oreo cookies, reported a revenue rise of 3.7% excluding any impact from acq... For the full story register now for free or login below...