Mondelez (MDLZ) Tops Q2 EPS by 7c; offers outlook

Mondelez (NASDAQ: MDLZ) reported Q2 EPS of $0.86, $0.07 better than the analyst estimate of $0.79. Revenue for the quarter came in at $8.34 billion versus the consensus estimate of $8.45 billion.

OUTLOOK

For 2024, the company expects Organic Net Revenue growth to be at the upper end of 3 to 5 percent and high single-digit Adjusted EPS growth on a constant currency basis based on 2023 Adjusted EPS incl. developed market gum. The company expects 2024 Free Cash Flow of $3.5+ billion. The company estimates currency translation would decrease 2024 net revenue growth by approximately 1.5 percent with a negative $0.09 impact to Adjusted EPS.

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

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

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