other material
confidence high
sentiment neutral
materiality 0.30
Mondelez recasts non-GAAP results for partial JDEP sale; removes equity earnings from Adjusted EPS
Mondelez International, Inc.
- Sold 7.7M JDEP shares on Apr 3, 2023, for €198M ($217M) cash; ownership reduced from 19.7% to 18.1%.
- Partial sale treated as divestiture in non-GAAP; recasts historical Adjusted EPS for 2021-2023 periods.
- No change to reported GAAP net earnings or EPS; only non-GAAP Adjusted EPS affected.
- Recast FY 2022 Adjusted EPS $2.87, FY 2021 $2.77, H1 2023 $1.64.
- No guidance change or new business update; only supplemental disclosure for comparability.