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Jun 30, 2022
Mondelez Q2 2022 Earnings Report
Mondelēz International's Q2 2022 results were marked by strong top and bottom-line performance across all regions and categories.
Key Takeaways
Mondelēz International reported strong second quarter results with net revenues increasing by 9.5% and organic net revenue growth of 13.1%. Diluted EPS was $0.54, while adjusted EPS was $0.67, up 9.1% on a constant-currency basis. The company is raising its organic net revenue growth outlook for the full year to 8%+. They also announced an agreement to acquire Clif Bar.
Net revenues increased +9.5% driven by Organic Net Revenue growth of +13.1% with underlying Volume/Mix of +5.1%.
Diluted EPS was $0.54, down 28.9%; Adjusted EPS was $0.67, up +9.1% on a constant-currency basis.
Year-to-date cash provided by operating activities was $2.0 billion, an increase of +$0.2 billion versus prior year; Free Cash Flow was $1.6 billion, +$0.2 billion.
Raising Organic Net Revenue growth outlook for full year to 8%+
Revenue by Geographic Location
Forward Guidance
Mondelēz International is updating its fiscal 2022 outlook to reflect expectations for continued top-line growth and higher cost of goods sold inflation. For 2022, the company now expects 8%+ Organic Net Revenue growth. The company’s expectation of mid-to-high single digit Adjusted EPS growth on a constant currency basis remains unchanged. The company’s Free Cash Flow outlook remains at $3+ billion.
Positive Outlook
- Expectations for continued top-line growth
- Higher pricing related to increased input costs.
- Expects 8%+ Organic Net Revenue growth
- Mid-to-high single digit Adjusted EPS growth on a constant currency basis remains unchanged
- 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
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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