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Dec 31, 2021

Mondelez Q4 2021 Earnings Report

Reported strong top and bottom-line results despite a challenging macro environment.

Key Takeaways

Mondelēz International reported a 4.9% increase in net revenues, driven by a 5.4% growth in Organic Net Revenue. Diluted EPS was $0.71, down 11.3%, while Adjusted EPS was $0.71, up 9.1% on a constant-currency basis. The company returned $0.8 billion to shareholders through cash dividends and share repurchases.

Net revenues increased +4.9% primarily driven by Organic Net Revenue growth of +5.4%

Diluted EPS was $0.71, down -11.3%; Adjusted EPS was $0.71, up +9.1% on a constant-currency basis

Volume and pricing drove Organic Net Revenue growth.

The company returned $0.8 billion to shareholders in cash dividends and share repurchases.

Total Revenue
$7.66B
Previous year: $7.3B
+4.9%
EPS
$0.71
Previous year: $0.67
+6.0%
Organic Net Revenue Growth
5.4%
Previous year: 3.2%
+68.8%
Gross Profit
$2.83B
Previous year: $2.87B
-1.4%
Cash and Equivalents
$3.55B
Previous year: $3.62B
-2.0%
Free Cash Flow
$3.18B
Previous year: $3.1B
+2.4%
Total Assets
$67.1B
Previous year: $67.8B
-1.1%

Mondelez

Mondelez

Mondelez Revenue by Geographic Location

Forward Guidance

For 2022, the company expects performance in line with its long-term growth algorithm of 3+ percent Organic Net Revenue growth, high single-digit Adjusted EPS growth on a constant currency basis and Free Cash Flow of $3+ billion.

Positive Outlook

  • Expects performance in line with its long-term growth algorithm of 3+ percent Organic Net Revenue growth
  • Expects high single-digit Adjusted EPS growth on a constant currency basis
  • Expects Free Cash Flow of $3+ billion
  • Brands
  • Strategy

Challenges Ahead

  • Currency translation would decrease 2022 net revenue growth by approximately 2.5 percent
  • Currency translation would have a negative $0.08 impact to Adjusted EPS
  • Volatility
  • COVID-19
  • Supply chain challenges

Revenue & Expenses

Visualization of income flow from segment revenue to net income