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Mondelez Logs Higher Profit, Revenue in Second Quarter

Mondelez Logs Higher Profit, Revenue in Second Quarter

Mondelez MDLZ 0.19%increase; green up pointing triangle International posted higher profit and revenue in the second quarter as the company raised the prices of its chocolate products to offset continued inflation in cocoa costs.
The Chicago snacking company, which makes Oreo cookies and Ritz crackers, on Tuesday posted a profit of $641 million, or 49 cents a share, compared to $601 million, or 45 cents a share, a year earlier.
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