date:Nov 08, 2013
Mondelez International lowered its guidance for 2013 organic net revenue growth as it reported lower-than-expected third-quarter revenues in a further sign of the challenges facing the food industry.
The maker of Oreo cookies and Cadbury chocolate said it expected organic net revenue, to grow around 4% for the year, against its earlier forecast of about 5%.
Mondelez, the snack business spun off from Kraft Foods, said revenues for the quarter improved 1.8% to $8.47 billion from $8.33 billion la