International Boost Sweetens Wrigley Sales
The Chicago-based company's fourth-quarter profit totaled $155 million, or 56 cents a share, for a dime-a-share leap vs. last year.Revenue got pushed 16.4% higher to a
better-than-expected $1.42 billion, primarily due to a 30.9% sales
surge in Europe, the Middle East, Africa and India. For the quarter,
that segment made up just over half of Wrigley's revenue intake.
The company noted for the full year,
earnings came to $621.5 million, or $2.24 a share,revenue comes to
$5.39 billion.
Sales in Asia, another significant
market for the company, vaulted 23.2% in the fourth quarter, year
over year. Notably, however, North American revenue actually slipped
2.7% year over year.
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