By Paulo Trevisani
Food retailer Mondelez International said Tuesday that currency translations are expected to boost its 2021 revenue and earnings.
The Chicago-based seller of Cadbury chocolate bars and Trident gum with operations in 160 countries estimates foreign exchange rates will increase 2021 revenue growth by about 2%, with a positive impact of 9 cents on adjusted earnings per share.
Mondelez said its forex estimates are based on rates published by XE.com on July 20.
The company said FX had a favorable impact on its second-quarter revenue, which rose 12.4% from a year earlier to $6.64 billion.
Write to Paulo Trevisani at email@example.com