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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.
Revenue by Geographic Location
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
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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