By Dave Sebastian

Mondelez International Inc. raised full-year expectations for a revenue growth metric as it posted higher third-quarter profit and revenue and said it expects elevated inflation and logistics volatility to remain.

The snack giant behind Oreo cookies, Toblerone chocolate and Sour Patch Kids candy on Tuesday said it expects organic net revenue, which excludes the effects of acquisitions, divestitures and currency rate fluctuations, to grow about 4.5% for 2021. It previously expected organic net revenue to grow more than 4%.

The company maintained its full-year target for adjusted earnings per share growth of high-single digit. It sees free cash flow of more than $3 billion for the year.

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

(END) Dow Jones Newswires

11-02-21 1643ET