Mondelez (MDLZ) Tops Q2 EPS by 7c; Raises Outlook

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Go back to Mondelez (MDLZ) Tops Q2 EPS by 7c; Raises Outlook

Mondelēz International Reports Q2 2023 Results

July 27, 2023 4:05 PM EDT

Second Quarter Highlights

Net revenues increased +17.0% driven by Organic Net Revenue1 growth of +15.8% with strong Volume/Mix performance in 3 of 4 regionsDiluted EPS was $0.69, up 27.8%; Adjusted EPS1 was $0.76, up +21.5% on a constant currency basisYear-to-date cash provided by operating activities was $2.0 billion; Free Cash Flow1 was $1.5 billionReturn of capital to shareholders was $1.7 billion in the first half of the yearAnnouncing +10% increase to quarterly dividendRaising both Organic Net Revenue and Adjusted EPS growth outlook to 12%+

CHICAGO, July 27, 2023 (GLOBE NEWSWIRE) -- Mondelz International, Inc. (Nasdaq:... More