Mondelez Int'l (MDLZ) Tops Q1 EPS by 3c; Reaffirms
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Mondelez Int'l (NASDAQ: MDLZ) reported Q1 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.72 billion.
Outlook
For 2015, the company continues to expect Organic Net Revenue growth of at least 2 percent, Adjusted Operating Income margin of approximately 14 percent, Adjusted EPS growth at a double-digit rate on a constant-currency basis and Free Cash Flow excluding items1 of $1.2 billion.
The company estimates foreign exchange translation to reduce 2015 net revenue growth by approximately 12 percentage points6 and Adjusted EPS by approximately $0.336 due to the strengthening of the U.S. dollar versus other currencies.
"We're making good progress executing our transformation agenda. Our solid first quarter positions us well to deliver our full year 2015 outlook and 2016 margin targets," said Irene Rosenfeld, Chairman and CEO. "We remain intently focused on productivity and cost reduction to drive strong margin expansion and earnings growth. This enables continued investment in our Power Brands2, supply chain, and sales and distribution capabilities to drive sustainable revenue and earnings growth."
For earnings history and earnings-related data on Mondelez Int'l (MDLZ) click here.
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