Mondelez Int'l (MDLZ) Tops Q1 EPS by 3c
Mondelez Int'l (NASDAQ: MDLZ) reported Q1 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $6.41 billion versus the consensus estimate of $6.37 billion.
- Operating income margin was 13.1%, up 190 basis points; Adjusted Operating Income1 margin was 16.8%, up 90 basis points
- Diluted EPS was $0.41, up 17%; Adjusted EPS1 was $0.53, up 6% on a constant-currency basis
- Net revenues decreased 0.6%; Organic Net Revenue1 grew 0.6%
- Returned approximately $800 million in capital to shareholders
“We had a solid start to the year despite challenging market conditions,” said Irene Rosenfeld, Chairman and CEO. “We delivered both top-line organic growth and strong margin expansion in the quarter, while also making critical investments for our future. We remain confident in and committed to our balanced strategy for both top- and bottom-line growth, continuing to focus on what we can control to deliver long-term value creation for our shareholders.”
For earnings history and earnings-related data on Mondelez Int'l (MDLZ) click here.
