===Mondelez Int'l (MDLZ) reported earnings on Tue 30 Jan 24 (a/h)

 

Mondelez Int'l beats by $0.06, reports revs in-line

• Reports Q4 (Dec) earnings of $0.84 per share, excluding non-recurring items, $0.06 better than the FactSet Consensus of $0.78; revenues rose 7.1% year/year to $9.31 bln vs the $9.31 bln FactSet Consensus.
• For 2024, the company expects Organic Net Revenue growth of 3 to 5 percent, high single-digit Adjusted EPS growth on a constant currency basis based on 2023 Adjusted EPS incl. developed market gum. The company expects for 2024 Free Cash Flow of $3.5+ billion. The company estimates currency translation would decrease 2024 net revenue growth by approximately 0.5 percent with a negative $0.03 impact to Adjusted EPS.
• Outlook is provided in the context of greater than usual volatility as a result of geopolitical uncertainty.