other material
confidence high
sentiment neutral
materiality 0.60
Mondelez recasts historical non-GAAP results after completing JDEP share sale
Mondelez International, Inc.
- Completed sale of remaining 85.9M JDEP shares to JAB Holdings for ~€2.2B ($2.4B) on Nov. 29, 2024.
- Recast adjusted EPS for Q3 2024 is $0.95; recast amounts for all quarters of 2022-2023 and 9M 2024.
- Equity method net earnings from JDEP removed from non-GAAP metrics for all recast periods.
- GAAP results unchanged; non-GAAP recast solely reflects divestiture of JDEP investment.