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Dec 31, 2023
Mondelez Q4 2023 Earnings Report
Reported Q4 and FY 2023 results, demonstrating strong execution and double-digit top-line and earnings growth.
Key Takeaways
Mondelēz International reported a 7.1% increase in net revenues for Q4 2023, driven by a 9.8% growth in Organic Net Revenue. The company's diluted EPS was $0.70, up 66.7%.
Net revenues increased +7.1% driven by Organic Net Revenue growth of +9.8%.
Diluted EPS was $0.70, up +66.7%.
Adjusted EPS was $0.84, up +23.5% on a constant currency basis.
The company returned $1.5 billion to shareholders in cash dividends and share repurchases.
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
For 2024, the company expects Organic Net Revenue growth of 3 to 5 percent and Free Cash Flow of $3.5+ billion.
Positive Outlook
- Expecting for 2024 an on-algorithm year for Organic Net Revenue
- Expecting Adjusted EPS growth
- Expecting Free Cash Flow, with revenue growth at upper end of 3-5% range
- Focusing on strong execution
- Supported by a significant increase in investments behind our brands, capabilities, and talent
Challenges Ahead
- Currency translation would decrease 2024 net revenue growth by approximately 0.5 percent
- Currency translation with a negative $0.03 impact to Adjusted EPS
- Outlook is provided in the context of greater than usual volatility
- Volatility as a result of geopolitical uncertainty
- Cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange
Revenue & Expenses
Visualization of income flow from segment revenue to net income