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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
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 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.
- The company is unable to predict during this period the impact from potential acquisitions or divestitures, as well as the impact of currency translation due to the unpredictability of future changes in currency exchange rates.
- The company is unable to predict during this period the timing and amount of capital expenditures impacting cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income