UPDATE 3-Oreo cookie maker Mondelez sales forecast disappoints

miércoles 3 de febrero de 2016 14:20 GYT
 

* 4th-qtr earnings/shr $0.46 vs est. $0.48

* Takes $778 mln charge related to Venezuela accounting

* Sale of coffee unit tempers sales

* Shares down as much as 9 pct (Adds conference call, analyst comments, updates shares)

By Yashaswini Swamynathan

Feb 3 (Reuters) - Oreo cookie maker Mondelez International Inc forecast 2016 revenue growth below analysts' expectations, raising concerns about the company's ability to reverse a two-year slide in sales in a tough economic environment.

The company's shares fell as much as 9 percent on Wednesday after Mondelez also reported a lower-than-expected quarterly profit, hurt by a strong dollar and weak demand in Europe, its biggest market.

Mondelez, which makes Cadbury and Milka chocolates, is struggling due to a shift in consumer taste to less processed foods that has prompted retailers to provide less shelf space for its sugary snacks.

The company has also been battling a strong dollar by raising prices in markets such as Europe and Latin America, but this has taken a toll on volumes.   Continuación...