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

Mondelez (MDLZ) pricing execution fuels Q1 earnings beat, guidance lift

April 28, 2023 8:28 AM EDT

Food company Mondelez (NASDAQ: MDLZ) topped earnings and revenue estimates in the first quarter, sending its shares more than 2% higher premarket Friday.

After the close Thursday, the company posted Q1 earnings of $0.89 per share, $0.09 better than the analyst estimate of $0.80, while revenue for the quarter came in at $9.17 billion versus the consensus estimate of $8.44 billion.

"We delivered a strong start to the year, with double-digit net... More