Mondelez says cyberattack will dent second-quarter revenue

Mondelez International Inc. shares declined in the extended session Thursday after the snack food company said a cyberattack in late June will impact its revenue for the second quarter. Mondelez shares declined 1.4% to $42.48 after hours. “Our preliminary estimate of the revenue impact of this event is a negative 300 basis points on our second quarter growth rate,” Mondelez said in a statement. A basis point is equal to one-hundredth of a percentage point. “Given the timing of this significant global attack, despite our best efforts, we experienced disruption in our ability to ship and invoice during the last four days of our second quarter,” Mondelez said. Analysts surveyed by FactSet expect second-quarter revenue of $6.17 billion, a 2.1% decline from the year ago period. Mondelez said it still foresees full-year organic revenue growth of “at least” 1%.

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