Financial Performance - Net revenues decreased 1.9% to $8.3 billion in Q2 2024 and decreased 0.2% to $17.6 billion in the first six months of 2024 compared to the same periods in the prior year[134]. - Organic Net Revenue increased 2.5% to $8.6 billion in Q2 2024 and increased 3.4% to $18.0 billion in the first six months of 2024 compared to the same periods in the prior year[134]. - Diluted EPS attributable to Mondelēz International decreased 34.8% to $0.45 in Q2 2024 and decreased 32.3% to $1.49 in the first six months of 2024 compared to the same periods in the prior year[134]. - Adjusted EPS increased 19.4% to $0.86 in Q2 2024 and increased 15.9% to $1.82 in the first six months of 2024 compared to the same periods in the prior year[134]. - Net revenues decreased by $164 million (1.9%) to $8,343 million in Q2 2024, while Organic Net Revenue increased by $209 million (2.5%) to $8,559 million[139]. - The company experienced a net revenue decrease of 0.2% to $17.633 billion for the six months ended June 30, 2024, impacted by unfavorable currency-related items and the divestiture of the developed market gum business[149]. - The company’s diluted EPS attributable to Mondelēz International decreased to $1.49 for the six months ended June 30, 2024, down from $2.20 in the same period of 2023, reflecting a 32.3% decline[149]. Operating Income and Expenses - Operating income fell by $571 million (40.1%) to $854 million in Q2 2024 compared to $1,425 million in the same period last year[139]. - Adjusted Operating Income increased by $223 million (17.6%) to $1,492 million, with constant currency basis showing a $280 million (22.1%) increase[141]. - Total selling, general and administrative expenses increased by $22 million from Q2 2023, with a net increase of $79 million when excluding divestiture-related benefits, driven mainly by higher advertising and consumer promotion costs[144]. - Total selling, general and administrative expenses rose by $105 million compared to the first six months of 2023, with an underlying increase of $217 million driven by higher advertising and consumer promotion costs[156]. - Segment operating income for North America decreased by $35 million (6.1%) to $545 million for the three months ended June 30, 2024, compared to $580 million in the same period of 2023[163]. - Segment operating income for Europe increased by $185 million (19.4%) to $1,141 million for the six months ended June 30, 2024, compared to $956 million in the same period of 2023[179]. Currency and Commodity Impact - Unfavorable currency-related items impacted Organic Net Revenue by $216 million (2.6pp) in Q2 2024 and $348 million (2.0pp) in the first six months of 2024[124][125]. - Currency-related items negatively impacted net revenues by $216 million, primarily due to unfavorable currency translation rates[140]. - Currency-related items negatively impacted operating income by $57 million, primarily due to the strength of the U.S. dollar against various currencies[145]. - Unfavorable currency changes decreased operating income by $127 million, primarily due to the strength of the U.S. dollar against various currencies[157]. - The company anticipates facing higher cocoa costs in the near- and medium-term, with cocoa prices on the Intercontinental Exchange up 175% compared to the same day in the second quarter of 2023[201]. - The company utilizes hedging and pricing strategies to manage commodity cost fluctuations, although full protection against price increases may not be achievable[202]. Business Segments and Market Performance - The operations in Russia generated 2.9% of consolidated net revenue in Q2 2024, compared to 2.8% in Q2 2023[119]. - Emerging markets net revenues decreased by 1.4%, while Organic Net Revenue in emerging markets increased by 4.5%[140]. - Developed markets net revenues decreased by 2.3%, with Organic Net Revenue growth of 1.2%[140]. - Latin America net revenues increased by $4 million (0.3%) to $1,232 million for the three months ended June 30, 2024, driven by higher net pricing[165]. - The company experienced declines in chocolate, cheese & grocery, gum, candy, and refreshment beverages, partially offset by gains in biscuits & baked snacks[165]. Strategic Initiatives and Investments - The company approved funding of $1.2 billion for a multi-year ERP System Implementation program expected to be completed by year-end 2028[122]. - The Board of Directors approved funding of $1.2 billion for a multi-year ERP and supply chain systems transformation program, expected to be completed by year-end 2028[16]. - The company is engaged in discussions with the European Commission regarding an investigation into competition law practices[211]. Risk Management and Forward-Looking Statements - Key risks include macroeconomic weakness, commodity cost volatility, geopolitical uncertainty, and competition pressures[207]. - The company acknowledges that actual results may differ materially from forward-looking statements due to various risks and uncertainties[207]. - Future financial conditions and results are subject to change based on evolving risks and uncertainties, as detailed in SEC filings[207]. Non-GAAP Financial Measures - The company utilizes non-GAAP financial measures to provide additional insights into operating results and trends[208]. - "Organic Net Revenue" excludes impacts from acquisitions, divestitures, and currency fluctuations, reflecting underlying business growth[209]. - Adjusted Operating Income excludes costs related to restructuring, acquisitions, and other significant items for better comparability[209]. - Adjusted EPS is calculated excluding specific impacts such as losses on debt extinguishment and tax law changes, providing clearer performance insights[211]. - The company has begun excluding the impact of extreme pricing in Argentina from non-GAAP measures due to hyperinflation concerns[211].

Exhibit 99.1 Contacts: Tracey Noe (Media) Shep Dunlap (Investors) 1-847-943-5678 1-847-943-5454 news@mdlz.com ir@mdlz.com Mondelēz International Reports Q2 2024 Results Second Quarter Highlights • Net revenues decreased -1.9%; Organic Net Revenue grew +2.5% with underlying Volume/Mix of -2.2% • Diluted EPS was $0.45, down -34.8%; Adjusted EPS was $0.86, up +25.0% on a constant currency basis • Year-to-date cash provided by operating activities was $2.1 billion, up $0.2 billion versus prior year; Free Cash F ...

Wall Street analysts forecast that Mondelez (MDLZ) will report quarterly earnings of $0.78 per share in its upcoming release, pointing to a year-over-year increase of 2.6%. It is anticipated that revenues will amount to $8.39 billion, exhibiting a decline of 1.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...

Mondelez International, Inc. (MDLZ) is likely to register a top-line decrease when it reports second-quarter 2024 earnings on Jul 30. The Zacks Consensus Estimate for revenues is pegged at $8.39 million, which indicates a 1.3% decline from the year-ago period.However, the bottom line is likely to increase year over year. The consensus mark for earnings has dipped by a penny in the past 30 days to 78 cents per share, though it indicates 2.6% growth from the year-ago quarter’s earnings of 14 cents. MDLZ has a ...

"Calling All Outdoors Experts" back-to-school sweepstakes will also give families a chance to win an REI gift card or a year's supply of Zbar snacks (details below)EMERYVILLE, Calif., July 22, 2024 /PRNewswire/ -- CLIF BAR's energy snack bar brand for active kids, Zbar, today announced a significant $1M partnership with nonprofit KABOOM! to help communities nationwide build nature-based play spaces for kids, focusing on areas that are lacking access to green space or opportunities for outdoor recreation. Zb ...

CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) will release its second quarter 2024 financial results on Tuesday, July 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling (800) 245-3047 from the United States and (203) 518-9765 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be ...

CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) will release its second quarter 2024 financial results on Tuesday, July 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling (800) 245-3047 from the United States and (203) 518-9765 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be ...

 Limited-Edition Snapple Fruit Flavor Mix Hitting Shelves This SummerEAST HANOVER, N.J., July 9, 2024 /PRNewswire/ -- The SOUR PATCH KIDS brand is igniting taste buds this summer with an exciting partnership with Snapple®, the iconic beverage brand that delivers fun and flavorful teas and juice drinks. Together, the brands are introducing one of the boldest flavor mash ups yet, SOUR PATCH KIDS Snapple fruit-flavored mix candy. The limited-time offering is arriving in stores nationwide now in three tantalizi ...

jetcityimage Investment Thesis Mondelez International, Inc. (NASDAQ:MDLZ) has good growth prospects ahead. The company's revenue growth in the coming quarters should benefit from pack size changes which the company is doing to sustain demand in an inflationary environment by ensuring the affordability of entry-level packs. In addition, the non-recurrence of one-time volume headwinds that the company faced in Q1 2024 should also benefit revenues. In the medium to long term, an increase in distribution both i ...

jetcityimage Mondelez International Inc. (NASDAQ:MDLZ) is an American multinational confectionery, snack food, and beverage company. Founded in 2012, but with certain roots dating back to 1923, Mondelez is now an $88 billion (by market cap) confectionary and snack giant that employs approximately 90,000 people. The company reports results across four geographic segments: Europe, 35% of FY 2023 revenue; America, 31%; Asia, Middle East & Africa, 20%; and Latin America, 14%. Developed markets account for 6 ...