Mondelez (MDLZ) Tops Q3 EPS by 1c
Mondelez (NASDAQ: MDLZ) reported Q3 EPS of $0.71, $0.01 better than the analyst estimate of $0.70. Revenue for the quarter came in at $7.18 billion versus the consensus estimate of $7.03 billion.
2021 Outlook:
Mondelēz International provides its outlook on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details.
| Metric | FY 2021 Outlook |
| Organic Net Revenue | ~+4.5% |
| Adjusted EPS Growth (at cst FX) | High single-digit |
| Free Cash Flow | $3B+ |
The company estimates currency translation would increase 2021 net revenue growth by approximately 2 percent3 with a positive $0.09 impact to Adjusted EPS3. Outlook is provided in the context of greater than usual volatility as a result of COVID-19. The company strategy and long-term algorithm remain unchanged.
For earnings history and earnings-related data on Mondelez (MDLZ) click here.