By Kathryn Hardison


Mondelez International Inc. posted a double-digit boost to fourth-quarter sales, helped by pricing and volume for its cookies and candies, as well as incremental sales from recent acquisitions.

The Chicago-based maker of Oreo cookies and Triscuit crackers said fourth-quarter profit declined to $583 million, or 42 cents per share, from $1 billion, or 71 cents per share, a year ago. Adjusted per-share earnings came to 73 cents, above the 70 cents analysts were expecting, according to FactSet.

Sales increased 14% to $8.7 billion. Analysts expected $8.33 billion.

Chief Executive Dirk Van de Put said the company's full-year sales growth was supported by both pricing and volume. The growth was underscored by continued strength in emerging and development markets and contributions from recent acquisitions of companies such as Clif Bar & Co. and Chipita Global S.A., he said.


Write to Kathryn Hardison at kathryn.hardison@wsj.com


(END) Dow Jones Newswires

01-31-23 1633ET