Food & Beverage

Mondelez CEO: Consumer cautious despite Q2 beat

Mondelez International sees a hesitant global consumer and considerable challenges from currency moves despite posting a second-quarter earnings beat, the company's CEO Irene Rosenfeld told CNBC Thursday.

The maker of Oreo cookies and numerous other food brands topped Wall Street's earnings and revenue expectations Thursday, reporting adjusted second-quarter profit of 47 cents per share on $7.66 billion in sales. Still, net revenue fell 9.2 percent year-over-year, with a stronger U.S. dollar bringing it down about 13.6 percent.

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Rosenfeld said Mondelez saw "extraordinary" moves in commodities and currency in the last 18 months. She added that Mondelez expects to see product prices "moderate going forward" as commodity costs ease, but does not foresee consumer caution waning.

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Mondelez shares were trading nearly 5 percent higher around noon Thursday.

CNBC's Sara Eisen contributed to this report