Upgrade to SI Premium - Free Trial

Mondelez Int'l (MDLZ) Misses Q4 EPS by 1c

February 7, 2017 4:01 PM

Mondelez Int'l (NASDAQ: MDLZ) reported Q4 EPS of $0.47, $0.01 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $6.77 billion versus the consensus estimate of $6.9 billion.

"We continue to make solid progress toward our near-term margin targets, while investing for long-term growth," said Irene Rosenfeld, Chairman and CEO. "Despite significant economic disruptions, political uncertainties and slower global category growth, we remain confident in and committed to our balanced strategy for both top- and bottom-line growth. Throughout the year, we continued to sharpen the focus of our portfolio, increase Power Brand investments and modernize our supply chain. These actions, together with our excellent cost discipline, position us well to deliver strong operating leverage that will drive sustainable value creation for our shareholders."

The company expects Organic Net Revenue to increase at least 1 percent in 2017 and Adjusted Operating Income margin in the mid-16 percent range. The company also expects double-digit Adjusted EPS growth on a constant-currency basis. The company estimates currency translation would reduce net revenue growth by approximately 1 percent3 and Adjusted EPS by approximately $0.033.

The company remains committed to its 2018 Adjusted Operating Income margin target of 17 to 18 percent.

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

Categories

Earnings Guidance

Next Articles