Mondelez (MDLZ) Tops Q2 EPS by 2c; Raises Outlook

Mondelez (NASDAQ: MDLZ) reported Q2 EPS of $0.66, $0.02 better than the analyst estimate of $0.64. Revenue for the quarter came in at $6.64 billion versus the consensus estimate of $6.41 billion.

"We delivered another strong quarter of performance across all key metrics, including top-line, profitability and cash generation," said Dirk Van de Put, Chairman and Chief Executive Officer. "We continue to see strength across the vast majority of our geographies, categories and brands as we remain intensely focused on consistent execution and reinvestment to further strengthen our position. We are confident that our strategy, long runway of clear growth drivers and advantaged enablers will continue to drive consistent and attractive growth and value generation over the long term.”

GUIDANCE:

Raising Organic Net Revenue growth outlook for full year to 4%+

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

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