earnings
confidence high
sentiment positive
materiality 0.80
Mondelēz Q3 organic revenue +5.4%; adj. EPS +28.6% constant currency; acquires Evirth stake
Mondelez International, Inc.
2024-Q3 EPS reported
$2.12
revenue$26,837,000,000
- Net revenues $9.204B (+1.9% reported); organic net revenue +5.4% (vol/mix +0.3pp, pricing +5.1pp).
- Adjusted EPS $0.99 (+28.6% constant currency); reported diluted EPS $0.63 (-12.5% GAAP).
- Europe organic revenue +8.1%, North America +3.7%; Latin America organic +2.0% despite reported -7.7%.
- Agreed to acquire majority stake in Evirth, a Chinese cakes & pastries manufacturer to expand portfolio.
- YTD cash from ops $3.5B, free cash flow $2.5B; returned $2.9B to shareholders via dividends & buybacks.