By Dave Sebastian

Mondelez International Inc. said its profit and revenue rose for the third quarter as it saw strength across its developed and emerging markets, though it expects elevated inflation and logistics volatility to remain.

The snack giant behind Oreo cookies, Toblerone chocolate and Sour Patch Kids candy on Tuesday posted net income attributable to the company of $1.26 billion, compared with $1.12 billion in the prior year. Earnings were 89 cents a share, compared with 78 cents a share in the same period last year.

Adjusted earnings were 71 cents a share. Analysts polled by FactSet were expecting 70 cents a share.

Net revenue rose to $7.18 billion from $6.67 billion, helped by sales from the company's acquisitions of Hu, Grenade and Gourmet Food. Analysts were looking for $7.05 billion.

Organic net revenue grew 5.5%, the company said.

The company said it saw higher raw material and transportation costs during the quarter, partially offset by what it described as pricing and manufacturing productivity. Selling, general and administrative expenses slipped to $1.44 billion from $1.48 billion.

Major food companies have been boosting prices as they face escalating costs and labor and transportation problems that are disrupting the flow of staples to grocery-store shelves.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

11-02-21 1635ET