Mondelez (MDLZ) Delivers Slightly Worse Than Expected Q4 EPS Results

Mondelez (NASDAQ: MDLZ) reported its Q4 results, with EPS of $0.71 coming in slightly lower than the consensus estimate of $0.73. Revenue grew 4.9% to $7.66 million (vs. Street’s $7.6 million), driven by Organic Net Revenue growth of 5.4% and incremental sales from the acquisitions of Hu, Grenade and Gourmet Food, partially offset by unfavorable currency.

The company expects 2022 performance to be in line with its long-term growth algorithm of 3+% Organic Net Revenue growth, high single-digit adjusted EPS growth on a constant currency basis and Free Cash Flow of $3+ billion.

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