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Mar 31, 2020
Mondelez Q1 2020 Earnings Report
Mondelez International reported strong first quarter results with revenue increase and record market share gains.
Key Takeaways
Mondelēz International reported a 2.6% increase in net revenues, driven by a 6.4% growth in Organic Net Revenue. Diluted EPS was $0.52, while Adjusted EPS was $0.69, up 10.8% on a constant-currency basis. The company withdrew its full-year 2020 outlook due to uncertainty related to COVID-19.
Net revenues increased 2.6% driven by Organic Net Revenue growth of 6.4%.
Diluted EPS was $0.52, down 17.5% due to unrealized losses in mark-to-market impact from currency and commodities derivatives; Adjusted EPS was $0.69, up 10.8% on a constant-currency basis.
Cash provided by operating activities was $284 million; Free Cash Flow was $70 million.
The company returned approximately $1.1 billion to shareholders in common stock repurchases and cash dividends and suspended its share repurchase program in March.
Revenue by Geographic Location
Forward Guidance
Due to the COVID-19 pandemic, visibility is limited at this time in a number of markets, so the company is temporarily withdrawing its full-year outlook. The company strategy and long-term algorithm remain unchanged.
Positive Outlook
- Protect and support the safety and well-being of our employees.
- Introduced strict health and safety protocols across facilities.
- Providing enhanced benefits for front-line employees.
- Supporting community partners advancing critical food stability and emergency relief efforts across the world with both cash donations and products.
- Focusing on the most important products for retailers and consumers to maintain good service levels.
Challenges Ahead
- Withdrew full year outlook due to COVID-19 pandemic
- Exercising cost discipline and protecting cash by reducing non-critical spending.
- Suspended our share repurchase program at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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