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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+%
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 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.
- Outlook is provided in the context of greater than usual volatility as a result of COVID-19
- Outlook is provided in the context of greater than usual volatility as a result of geopolitical uncertainty
Revenue & Expenses
Visualization of income flow from segment revenue to net income