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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.
Mondelez
Mondelez
Mondelez Revenue by Geographic Location
Revenue by Geographic Location
Latin America Revenue
CapyFin.comAMEA Revenue
CapyFin.comEurope Revenue
CapyFin.comNorth America Revenue
CapyFin.com 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.
- Uncertainty about the magnitude, duration, geographic reach, impact on the global economy and related current and potential travel restrictions of the COVID-19 outbreak
- The current, and uncertain future, impact of the COVID-19 outbreak on the company’s business, growth, reputation, prospects, financial condition, operating results (including components of the company’s financial results), cash flows and liquidity
Revenue & Expenses
Visualization of income flow from segment revenue to net income