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Sep 30, 2022
Mondelez Q3 2022 Earnings Report
Mondelēz International's financial performance demonstrated resilience and strength in Q3 2022.
Key Takeaways
Mondelēz International reported an 8.1% increase in net revenues, driven by a 12.1% growth in Organic Net Revenue. Adjusted EPS rose by 15.7% on a constant currency basis, and the company raised its full-year revenue and earnings outlook.
Net revenues increased by 8.1%, with Organic Net Revenue growth of 12.1%.
Diluted EPS was $0.39, while Adjusted EPS was $0.74, up 15.7% on a constant currency basis.
Free Cash Flow was $1.9 billion, a decrease of $0.2 billion versus prior year.
The company raised its Organic Net Revenue growth outlook to 10%+ and Adjusted EPS growth outlook to 10+%
Revenue by Geographic Location
Forward Guidance
Mondelēz International updated its 2022 fiscal outlook and now expects 10+% Organic Net Revenue growth and 10+% Adjusted EPS growth on a constant currency basis. The company’s Free Cash Flow outlook remains at $3+ billion.
Positive Outlook
- Expects 10+% Organic Net Revenue growth
- Expects 10+% Adjusted EPS growth on a constant currency basis
- Free Cash Flow outlook remains at $3+ billion
- Reflects the strength of year-to-date performance
- Outlook is provided in the context of greater than usual volatility as a result of COVID-19 and geopolitical uncertainty.
Challenges Ahead
- Currency translation would decrease 2022 net revenue growth by approximately 6.4%
- Currency translation has a negative $0.26 impact to Adjusted EPS
- Includes a Clif Bar one-time compensation expense of $0.3 billion related to the buyout of the non-vested employee stock ownership plan shares.
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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