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Jun 30, 2021
Mondelez Q2 2021 Earnings Report
Reported strong Q2 2021 results with revenue growth and increased EPS.
Key Takeaways
Mondelēz International reported a strong second quarter in 2021, with net revenues increasing by 12.4% and organic net revenue growth of 6.2%. Diluted EPS was $0.76, up 100.0%, and adjusted EPS was $0.66, up 1.6% on a constant-currency basis. The company is raising its organic net revenue growth outlook for the full year to 4%+
Net revenues increased +12.4% driven by Organic Net Revenue growth of +6.2%, favorable currency and acquisitions
Diluted EPS was $0.76, up +100.0%; Adjusted EPS was $0.66, up +1.6% on a constant-currency basis
Returned $2.4 billion of capital to shareholders in the first half
Announced agreement to acquire Chipita, a leading cakes and pastries company in Europe
Revenue by Geographic Location
Forward Guidance
Mondelēz International provides its outlook on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange.
Positive Outlook
- Organic Net Revenue Growth 4%+
- Adjusted EPS Growth (at cst FX) High single-digit
- Free Cash Flow $3B+
- Currency translation would increase 2021 net revenue growth by approximately 2 percent
- Currency translation would have a positive $0.09 impact to Adjusted EPS
Challenges Ahead
- Outlook is provided in the context of greater than usual volatility as a result of COVID-19.
- The company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange.
- The company is unable to predict during this period the timing of its restructuring program costs, mark-to-market impacts from commodity and forecasted currency transaction derivative contracts and impacts from potential acquisitions or divestitures.
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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