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Mar 31, 2024
Mondelez Q1 2024 Earnings Report
Mondelēz International reported solid top-line results with robust earnings and free cash flow generation, driven by strong pricing execution, effective cost management, and emerging market momentum.
Key Takeaways
Mondelēz International's Q1 2024 results showed a net revenue increase of 1.4%, driven by a 4.2% growth in Organic Net Revenue. The company reported diluted EPS of $1.04 and adjusted EPS of $0.95, with strong cash flow from operating activities and a return of $1.1 billion to shareholders.
Net revenues increased by 1.4%, driven by Organic Net Revenue growth of 4.2%.
Diluted EPS was $1.04, down 31.6%, while Adjusted EPS was $0.95, up 16.3% on a constant currency basis.
Cash provided by operating activities increased to $1.3 billion, and Free Cash Flow rose to $1.0 billion.
The company returned $1.1 billion to shareholders through cash dividends and share repurchases.
Revenue by Geographic Location
Forward Guidance
Mondelēz International expects Organic Net Revenue growth of 3 to 5 percent and high single-digit Adjusted EPS growth on a constant currency basis for 2024. The company also anticipates Free Cash Flow of $3.5+ billion.
Positive Outlook
- Organic Net Revenue growth of 3-5%
- High single-digit Adjusted EPS growth on a constant currency basis
- Free Cash Flow of $3.5+ billion
Challenges Ahead
- Currency translation would decrease 2024 net revenue growth by approximately 1.5%
- Currency translation would have a negative $0.10 impact to Adjusted EPS
- Outlook is provided in the context of greater than usual volatility as a result of geopolitical uncertainty
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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