Mondelez Int'l (MDLZ) Tops Q1 EPS by 9c; Reaffirms
Mondelez Int'l (NASDAQ: MDLZ) reported Q1 EPS of $0.48, $0.09 better than the analyst estimate of $0.39. Revenue for the quarter came in at $6.5 billion versus the consensus estimate of $6.44 billion.
“We’ve had a good start to the year,” said Irene Rosenfeld, Chairman and CEO. “We significantly expanded margins by continuing to reduce supply chain and overhead costs. In addition, we delivered improved volume/mix in developed markets, while effectively managing through the volatile operating environment in emerging markets. As a result, we’re confident in our ability to deliver our 2016 outlook that we shared in February.”
The company reaffirmed its outlook for 2016, as described below.
| Metric | Full Year 2016 Outlook |
| Organic Net Revenue Growth | • At least 2% |
| Adjusted Operating Income Margin | • 15% to 16% |
| Adjusted EPS | • Double-digit growth on a constant currency basis |
| Free Cash Flow excluding items1 | • At least $1.4 billion |
For earnings history and earnings-related data on Mondelez Int'l (MDLZ) click here.