By Sabela Ojea

Mondelez International Inc. on Thursday reported rise in revenue in its latest quarter, boosted by higher prices and sales volumes.

The Chicago-based maker of Oreo cookies and Triscuit crackers posted a first-quarter profit of $2.08 billion, or $1.52 a share, compared with $855 million, or 61 cents a share, for the same period a year earlier.

Stripping out one-time items, earnings came in at 89 cents a share, beating analysts' expectations of 80 cents a share, according to FactSet.

Sales climbed 18% to $9.17 billion, ahead of analysts expectations of $8.45 billion.

Mondelez benefited from significant revenue growth across each of its regions, led by a 27% rise in North America and a 47% increase in Latin America.

"We saw broad-based demand across both developed and emerging markets, as consumers around the world continue to prioritize our chocolate, biscuits, and baked snacks categories and brands," Chief Executive Dirk Van de Put said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

April 27, 2023 16:34 ET (20:34 GMT)

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