Mondelez (MDLZ) Reports In-Line Q4 EPS
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Mondelēz International Reports 2018 Results
January 30, 2019 4:05 PM ESTFull-Year Highlights
Net revenues increased 0.2% despite unfavorable currency and divestiture impacts; Organic Net Revenue1 grew 2.4%, with balanced volume/mix and pricingGross profit grew $318 million (+3%); Adjusted Gross Profit1 grew $352 million (+4%) on a constant currency basisOperating income declined $150 million (-4%); Adjusted Operating Income1 grew $257 million (+6%) on a constant currency basisDiluted EPS was $2.28, up 23% driven primarily by an after-tax gain on the Keurig Dr Pepper transaction; Adjusted EPS1 was $2.43, up 15% on a constant-currency basis, driven by operating gains, share repurchases, equity income & tax favorabilityCash provided by operating activities was $3.9 billion; Free Cash Flow1 was $2.9... More