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Mondelez Trounces Q2 EPS Estimates

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Mondelez Trounces Q2 EPS EstimatesPhoto, wide shot, wide-angle lens, Brewery, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.theapi.app/temp/0cebecb6-c4f6-4c6e-b73e-f375daba8100.png

Mondelez International (NASDAQ: MDLZ) posted Q2 fiscal 2020 results after market hours on Monday, and they indicated strong growth in a key market for the snack food purveyor.

The company, whose brands include such iconic goods as Oreo cookies and Ritz crackers, saw a 17% year-over-year rise in North American sales. This puts the region on pace to become the top revenue earner for Mondelez, next to Europe. The North American business helped mitigate the declines in the companies' three other regions; all told for the quarter, revenue slipped by 2.5% year over year to land at $5.91 billion.

Image source: Mondelez International.

Source Fool.com

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