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Mondelez Int'l (MDLZ) Tops Q4 EPS by 3c

February 11, 2015 8:00 AM

Mondelez Int'l (NASDAQ: MDLZ) reported Q4 EPS of $0.47, $0.03 better than the analyst estimate of $0.44. Revenue for the quarter came in at $8.83 billion versus the consensus estimate of $9.08 billion.

Outlook

In 2015, the company expects Organic Net Revenue growth of at least 2 percent, essentially in line with expected category growth after accounting for the company's strategic decision to exit certain lower-margin revenue. Adjusted Operating Income margin is expected to be approximately 14 percent for the year, with margin expansion accelerating in the second half, driven by the timing of cost-reduction programs. Adjusted EPS is expected to increase at a double-digit rate on a constant-currency basis.

With approximately 80 percent of revenues in currencies not tied to the strengthening U.S. dollar, the company estimates foreign exchange translation to reduce 2015 net revenue growth by approximately 11 percentage points and Adjusted EPS by approximately $0.308.

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

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