Oreo maker Mondelez rallies after hours, helped by higher prices and upbeat forecast


Shares of Mondelez International Inc. on Thursday rose after hours after the snack maker boosted its sales and profit outlook, as higher prices helped make up for more muted gains in product sold. The company, known for Oreo cookies and Ritz crackers, boosted its forecast for organic sales growth – or sales excluding the impacts of things like acquisitions and currency fluctuations – to 10% or more, up from a prior outlook of growth for 5% to 7%. It also forecast adjusted earnings per share growth of 10% or more, compared with an earlier outlook for gains in the “high single digits.” Shares rose 2% after hours. For its…

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