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Dec 31, 2020
Mondelez Q4 2020 Earnings Report
Mondelez International's Q4 2020 financial performance reflected net revenue growth and earnings per share increase.
Key Takeaways
Mondelēz International reported a 5.6% increase in net revenues, driven by a 3.2% growth in Organic Net Revenue. Diluted EPS increased by 60.0% to $0.80, and Adjusted EPS increased by 8.2% on a constant-currency basis to $0.67. The company resumed its share repurchase program and returned $1.1 billion to shareholders.
Net revenues increased by 5.6% primarily driven by Organic Net Revenue growth of 3.2%.
Diluted EPS increased by 60.0% to $0.80.
Adjusted EPS increased by 8.2% on a constant-currency basis to $0.67.
The company resumed its share repurchase program and returned $1.1 billion to shareholders.
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.comEmerging Markets Revenue
CapyFin.comDeveloped Markets Revenue
CapyFin.com Forward Guidance
For 2021, Mondelēz International expects performance in line with its long-term growth algorithm.
Positive Outlook
- 3+% Organic Net Revenue growth
- High single-digit percent Adjusted EPS growth on a constant currency basis
- Free Cash Flow of $3+ billion
- Currency translation would increase 2021 net revenue growth by approximately 3 percent
- A positive $0.10 impact to Adjusted EPS
Challenges Ahead
- Guidance is provided in the context of greater than usual volatility as a result of COVID-19.
- Cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange.
- Unable to reconcile its projected Organic Net Revenue growth to its projected reported net revenue growth for the full-year 2021
- Unable to reconcile its projected Adjusted EPS growth on a constant currency basis to its projected reported diluted EPS growth for the full-year 2021
- Unable to reconcile its projected Free Cash Flow to its projected net cash from operating activities for the full-year 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income