The world’s leading chewing gum maker, Wrigley, has posted fourth-quarter profits of US$107.8m, compared with $89.9m a year earlier, beating analysts’ estimates.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Wrigley said its revenue was up 16% to $739.3m from $638m a year earlier, including a 19% increase in international sales. The company said that even without foreign currency effects revenue would have risen 12%.
Bill Wrigley Jr, the company’s president and CEO, attributed strong sales and profits to new product initiatives, reported the Associated Press.
For the full year 2002, net earnings were $401.5m, compared to $363m in 2001. Revenues were up 14% to $2.75bn from $2.4bn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
