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Mondelez misses third-quarter sales estimates

Reuters
Mondelez misses third-quarter sales estimates

Oct ‌29 (Reuters) - Mondelez International ​missed Wall ‌Street expectations ‌for third-quarter revenue ‌on Thursday, as consumers grappling with higher ⁠living ‌costs turned away ⁠from the ​Cadbury parent's higher-priced snacks ​and chocolates.

The ​company ‌reported quarterly ​net ⁠revenue of $9.97 billion, ‌compared with ​analysts' ​average estimate of $9.98 billion, according to data ‌compiled by LSEG.

(Reporting ‌by ​Sanskriti Shekhar in Bengaluru; Editing by ‌Diti Pujara)