Oreo, Ritz Owner Reiterates Guidance as Earnings Beat Estimates

Mondelez International Inc. said unease around the economy drove a bigger-than-expected decline in North American sales in the second quarter.

“There’s a lot of consumer anxiety” in the US, Chief Executive Officer Dirk Van de Put said in a call with analysts. Customers, he said, are worried about their personal finances, employment outlook and inflation.