Mondelez (MDLZ) Tops Q4 EPS by 3c

Mondelez (NASDAQ: MDLZ) reported Q4 EPS of $0.73, $0.03 better than the analyst estimate of $0.70. Revenue for the quarter came in at $8.7 billion versus the consensus estimate of $8.33 billion.

GUIDANCE:

Mondelēz International provides its outlook on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details.

For 2023, the company expects Organic Net Revenue growth of 5 to 7 percent, high single-digit Adjusted EPS growth on a constant currency basis and Free Cash Flow of $3.3+ billion. The company estimates currency translation would decrease 2023 net revenue growth by approximately 1 percent4 with a negative $0.04 impact to Adjusted EPS4.

Outlook is provided in the context of greater than usual volatility as a result of COVID-19 and geopolitical uncertainty.

For earnings history and earnings-related data on Mondelez (MDLZ) click here.

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