Mondelez (MDLZ) Tops Q2 EPS by 2c; Raises Outlook

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Go back to Mondelez (MDLZ) Tops Q2 EPS by 2c; Raises Outlook

Mondelēz International Reports Q2 2021 Results

July 27, 2021 4:05 PM EDT

Second Quarter Highlights

Net revenues increased +12.4% driven by Organic Net Revenue1 growth of +6.2%, favorable currency and acquisitionsDiluted EPS was $0.76, up +100.0%; Adjusted EPS1 was $0.66, up +1.6% on a constant-currency basisReturned $2.4 billion of capital to shareholders in the first halfAnnounced agreement to acquire Chipita, a leading cakes and pastries company in EuropeAnnouncing +11% increase to quarterly dividendYear-to-date cash provided by operating activities was $1.8 billion, an increase of +$0.2 billion versus prior year; year-to-date Free Cash Flow1 was $1.4 billion, an increase of +$0.3 billionRaising Organic Net... More