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Mar 31, 2022
Mondelez Q1 2022 Earnings Report
Mondelēz International reported strong top-line results in the first quarter, driven by higher pricing and strong volume growth.
Key Takeaways
Mondelēz International reported a net revenue increase of 7.3% driven by an organic net revenue growth of 8.6%. Diluted EPS was $0.61, down 10.3%, while adjusted EPS was $0.84, up 13.9% on a constant-currency basis. The company updated its fiscal 2022 outlook expecting 4+% organic net revenue growth and mid-to-high single digit adjusted EPS growth.
Net revenues increased +7.3% driven by Organic Net Revenue growth of +8.6%
Diluted EPS was $0.61, down -10.3%; Adjusted EPS was $0.84, up +13.9% on a constant-currency basis
Cash provided by operating activities was $1.1 billion, an increase of +$0.2 billion versus prior year; Free Cash Flow was $1.0 billion, +$0.3 billion
Announced agreement to acquire Ricolino, Mexico’s leading confectionery company
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
Mondelēz International updated its fiscal 2022 outlook to reflect expectations for continued top-line growth, higher cost of goods sold inflation, the timing effect of additional pricing actions and the impact of the war in Ukraine. The company expects 4+% Organic Net Revenue growth and mid-to-high single digit Adjusted EPS growth on a constant currency basis. Free Cash Flow outlook remains at $3+ billion.
Positive Outlook
- Continued top-line growth
- Higher pricing related to increased input costs
- Expects 4+% Organic Net Revenue growth
- Expects mid-to-high single digit Adjusted EPS growth on a constant currency basis
- Free Cash Flow outlook remains at $3+ billion
Challenges Ahead
- Higher cost of goods sold inflation
- Timing effect of additional pricing actions
- Impact of the war in Ukraine
- Loss of earnings from the war in Ukraine
- Material commodity cost increases due primarily to increases in energy costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income