Mondelez (NASDAQ: MDLZ) reported Q2 EPS of $0.76, $0.07 better than the analyst estimate of $0.69. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.22 billion.

GUIDANCE:

For 2023, the company is updating its 2023 fiscal outlook and now expects 12+ percent Organic Net Revenue growth versus the prior outlook of 10+ percent, which reflects the strength of its year-to-date performance. The company’s expectation for Adjusted EPS growth on a constant currency basis is now 12+ percent versus the prior outlook of 10+ percent. The company’s Free Cash Flow outlook remains at $3.3+ billion. The company estimates currency translation would decrease 2023 net revenue growth by approximately 2 percent3 with a negative $0.11 impact to Adjusted EPS3.

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