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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.
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.comEmerging Markets Revenue
CapyFin.comDeveloped Markets Revenue
CapyFin.com 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