Mondelez (MDLZ) Tops Q1 EPS by 9c; Raises Outlook

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Go back to Mondelez (MDLZ) Tops Q1 EPS by 9c; Raises Outlook

Mondelēz International Reports Q1 2023 Results

April 27, 2023 4:05 PM EDT

First Quarter Highlights

Net revenues increased +18.1% driven by Organic Net Revenue1 growth of +19.4% with underlying Volume/Mix of +3.2%Diluted EPS was $1.52, up 149.2%; Adjusted EPS1 was $0.89, up +17.3% on a constant currency basisCash provided by operating activities was $1.0 billion, in line with prior year; Free Cash Flow1 was $0.9 billion, down -$0.1 billion versus prior yearReturn of capital to shareholders was $0.9 billionRaising both Organic Net Revenue growth outlook to 10%+ and Adjusted EPS growth outlook to 10%+

CHICAGO, April 27, 2023 (GLOBE NEWSWIRE) -- Mondelz... More