Mondelēz International reported a 2.1% increase in net revenues, driven by a 4.1% growth in Organic Net Revenue. Diluted EPS was $0.50, down 10.7%, while Adjusted EPS was $0.61, flat on a constant-currency basis.
Net revenues increased 2.1% driven by Organic Net Revenue growth of 4.1%.
Diluted EPS was $0.50, down 10.7%.
Adjusted EPS was $0.61, flat on a constant-currency basis.
The company returned approximately $750 million to shareholders in common stock repurchases and cash dividends.
For 2020, Mondelēz International expects performance in line with its long-term growth algorithm of 3+ percent Organic Net Revenue growth, high-single-digit percent Adjusted EPS growth on a constant-currency basis and Free Cash Flow of approximately $3 billion. Currency translation would decrease net revenue growth by approximately 1 percent with no material impact to Adjusted EPS.
Visualization of income flow from segment revenue to net income