Mondelez (MDLZ) Tops Q4 EPS by 1c, Offers Outlook

Mondelez (NASDAQ: MDLZ) reported Q4 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $7.3 billion versus the consensus estimate of $7.16 billion.

2021 Outlook

• Mondelēz International provides guidance 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.
• For 2021, the company expects performance in line with its long-term growth algorithm of 3+ percent Organic Net Revenue growth, high single-digit percent Adjusted EPS growth on a constant currency basis and Free Cash Flow of $3+ billion. The company estimates currency translation would increase 2021 net revenue growth by approximately 3 percent3 with a positive $0.10 impact to Adjusted EPS3.
• Guidance 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.

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