The company reports that net revenues increased 4.9% in its third quarter. CEO and Chairman Dirk Van de Put attributed this growth to elevated demand in developed markets and improved demand in emerging markets.
CHICAGO, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its third quarter 2020 results.
"Our third quarter performance was strong across all key metrics, with broad-based revenue growth as demand remained elevated in Developed Markets and sequentially improved in Emerging Markets. Our teams are executing well and we continue to deliver share gains by meeting the needs of customers and consumers, despite the uncertainties caused by COVID-19. Our strategy remains unchanged and we are accelerating certain initiatives and increasing the investment behind our brands to further support long-term sustainable growth," said Dirk Van de Put, Chairman and Chief Executive Officer.
The full report may be viewed here.