Mondelez Q2 organic revenue +15.8%; raises FY outlook; dividend +10%

Mondelez International, Inc.

2023-Q2 EPS reported $2.20 revenue$17,673,000,000

Q2 net rev $8.5B (+17%); Organic growth 15.8% driven by pricing; flat vol/mix.
Diluted EPS $0.69 (+27.8%); Adj EPS $0.76 (+21.5% constant currency).
Board approves 10% dividend hike to $0.425/qtr; payable Oct 13, record Sep 29.
Raises FY2023 outlook: Organic net rev growth and Adj EPS growth both 12%+.
YTD free cash flow $1.5B; returned $1.7B to holders in H1.

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