Mondelez Q3 2020 Earnings Report
Key Takeaways
Mondelēz International reported strong third quarter results with net revenues increasing by 4.9% and organic net revenue growth of 4.4%. The company saw broad-based revenue growth as demand remained elevated in Developed Markets and sequentially improved in Emerging Markets.
Net revenues increased 4.9% primarily driven by strong Organic Net Revenue growth of 4.4%.
Diluted EPS in the quarter was $0.78, down 20.4%, lapping a prior-year benefit from Swiss tax reform.
Adjusted EPS in the quarter was $0.63, flat on a constant-currency basis.
Returned $0.4 billion of capital to shareholders in the quarter through dividends.
Mondelez
Mondelez
Mondelez Revenue by Geographic Location
Forward Guidance
For 2020, the company expects Organic Net Revenue growth of 3.5+ percent. The company expects Adjusted EPS growth of 5+ percent on a constant-currency basis. The company expects Free Cash Flow of approximately $3 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income