CHICAGO — Adjusted operating income for the North American business of Mondelez International was about flat in the first quarter ended March 31, while revenues rose 4.3%. Elsewhere globally, the snack company’s business was strong, boosted by strong biscuit sales.

“Our first-quarter results demonstrate that we are emerging from the COVID-19 pandemic stronger, as we continue to build upon our track record of robust growth, profitability and cash generation,” said Dirk Van de Put, chairman and chief executive officer. “We saw continued improvement across emerging markets, healthy demand in developed markets and another quarter of strong share performance. We remain squarely focused on accelerating growth.”

He said the company’s strategies are working and that Mondelez is “better positioned than ever before.”

Investors were impressed. In trading early April 28 after the financial results were announced, Mondelez shares…

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