Mondelez (MDLZ) Tops Q1 EPS by 1c

Mondelez (NASDAQ: MDLZ) reported Q1 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $6.77 billion versus the consensus estimate of $6.67 billion.

Mondelēz International provides guidance 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.

The company maintains its full year 2018 outlook of Organic Net Revenue growth of 1 to 2 percent, Adjusted Operating Income margin of approximately 17 percent and double-digit Adjusted EPS growth on a constant-currency basis. The company estimates currency translation would increase net revenue growth by approximately 2 percent3 and Adjusted EPS by approximately $0.063. In addition, the company continues to expect Free Cash Flow1 of approximately $2.8 billion.

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

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