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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.
Revenue by Geographic Location
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
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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