Mondelez (MDLZ) Tops Q3 EPS by 1c

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Mondelēz International Reports Q3 2020 Results

November 2, 2020 4:05 PM EST

Net revenues increased 4.9% primarily driven by strong Organic Net Revenue1 growth of 4.4%
Year-to-date diluted EPS was $1.66, down 24.2%, lapping a prior-year benefit from Swiss tax reform; Year-to-date Adjusted EPS1 was $1.92, up 5.9% on a constant-currency basisDiluted EPS in the quarter was $0.78, down 20.4%, lapping a prior-year benefit from Swiss tax reform; Adjusted EPS in the quarter was $0.63, flat on a constant-currency basisYear-to-date cash provided by operating activities was $2.3 billion, up $0.4 billion versus prior year; Free Cash Flow1 was $1.7 billion, an increase of $0.5 billion versus prior yearReturned $0.4 billion of capital to shareholders in the... More