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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
Revenue by Geographic Location
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
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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