Financial Data and Key Metrics Changes - The company reported organic net revenue growth of 4.2% in Q1 2024, with adjusted gross profit dollar growth of 11.6% [8][19] - Adjusted EPS grew by 16.3%, and free cash flow generation exceeded $1 billion [8][28] - Total revenue for emerging markets grew by 8.3%, while developed markets saw a growth of 1.4% [20][24] Business Line Data and Key Metrics Changes - Biscuits and Baked Snacks grew by 0.6%, with brands like Oreo and Ritz showing solid growth, while US Biscuit brands faced ongoing softness [21] - Chocolate category grew by 5.8%, with strong performance from Cadbury Dairy Milk and Milka despite customer disruptions [22] - Gum and Candy experienced a growth of 12.9%, driven by momentum in key markets like China and Mexico [22] Market Data and Key Metrics Changes - North America saw a growth of 1.3%, impacted by softness in the Biscuit market and a shift to non-tracked channels [24] - Europe grew by 4.4%, with strong execution and share gains despite volume declines due to customer disruptions [23] - AMEA (Asia, Middle East, and Africa) grew by 5.9%, with China delivering low double-digit growth and India showing high single-digit growth [25][26] Company Strategy and Development Direction - The company aims to achieve global snacking leadership by investing in brands and capabilities, focusing on core categories of Chocolate, Biscuits, and Baked Snacks [7][11] - The strategy includes capturing synergies from recent acquisitions and enhancing distribution in emerging markets [12][19] - The company is committed to sustainability, with a roadmap for net zero by 2050 and ongoing improvements in mindful snacking priorities [12][13] Management's Comments on Operating Environment and Future Outlook - Management noted challenges in the operating environment, including inflation and consumer sensitivity to price points, particularly among lower-income consumers [10][36] - There is optimism about emerging markets, where consumer confidence remains strong and demand is resilient [9][46] - The outlook for 2024 remains unchanged, with expectations for organic net revenue growth in the range of 3% to 5% [32] Other Important Information - The company is fully covered for cocoa prices in 2024 and is implementing flexible strategies to manage potential price increases [29][30] - The company repurchased $600 million in stock during the quarter, maintaining a strong balance sheet with leverage at about 2.5 times [28] Q&A Session Summary Question: Challenges in North America and actions to protect share - Management acknowledged the slowing category and loss of share, attributing it to inflation and consumer confidence issues, and outlined plans to increase promotional activities and adjust pack sizes to better meet price points [35][36] Question: Any unusual factors for Q2 forecasts - Management reaffirmed guidance for 2024, noting that while the Biscuit category is softer, overall dynamics remain positive, particularly around key consumption events like Chinese New Year and Easter [38][39] Question: Insights on emerging markets - Emerging markets contributed significantly to growth, with strong performance in China and India, while Mexico is expected to recover from integration issues [43][44][46] Question: Cocoa pricing strategy - Management discussed the current high cocoa prices and the expectation of a market correction, emphasizing the need for flexible hedging strategies [50][51] Question: European chocolate market performance - Management noted strong performance in the European chocolate market, which should aid in negotiations with retailers for future pricing [53][54] Question: Gross margin expectations - Management indicated that while Q1 saw strong gross profit dollar growth, cocoa price escalations are expected to impact margins in the second half of the year [60][61] Question: North American consumer confidence and volume trends - Management expressed optimism for improved consumer confidence in the second half of the year, which should positively impact volume trends [68]

Mondelez (MDLZ) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.95%. A quarter ago, it was expected that this maker of Oreo cookies, Cadbury chocolate and Trident gum would post earnings of $0.78 per share when it actually produced earnings of $0.84, delivering a surprise of 7.69%.O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-16483 Mondelēz International, Inc. (Exact name of registrant as specified in its charter) Virginia 52-2284372 (S ...

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 Q1 2024 Results First Quarter Highlights • Net revenues increased +1.4% driven by Organic Net Revenue1 growth of +4.2% with underlying Volume/Mix of -2.1% • Diluted EPS was $1.04, down 31.6%; Adjusted EPS1 was $0.95, up +16.3% on a constant currency basis • Cash provided by operating activities was $1.3 billion, up $0.2 billion versus prior year; Free Cash ...

Mondelez International, Inc. (MDLZ) is likely to deliver a top-and-bottom-line decline when it reports first-quarter 2024 earnings on Apr 30. The Zacks Consensus Estimate for revenues is pegged at $9.15 billion, which suggests a drop of 0.2% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 88 cents per share. This indicates a decline of 1.1% from the year-ago quarter’s reported figure. MDLZ has a trailing four-quarter earni ...

Wall Street analysts expect Mondelez (MDLZ) to post quarterly earnings of $0.88 per share in its upcoming report, which indicates a year-over-year decline of 1.1%. Revenues are expected to be $9.16 billion, down 0.1% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its ...

The RITZ brand is celebrating the new flavor by offering fans a chance to win a 24k Gold Bar, inspired by a traditional stick of butter – valued at $100K.EAST HANOVER, N.J., April 23, 2024 /PRNewswire/ -- RITZ, America's favorite butter flavored cracker, is releasing new limited-edition Buttery-er Flavored Crackers and encouraging fans to 'Live Buttery-er.' Infused with extra buttery-er flavor, the crackers are set to redefine indulgence for snacking enthusiasts nationwide. To commemorate the grandeur of th ...

A woman relaxes outside while eating chocolate. Phoenixns/iStock via Getty Images In the stock market, money can be made by capitalizing on a favorable disconnect between market sentiment toward a stock and the fundamentals of the underlying company. This is to say that in many cases, emotions can at least temporarily cloud the judgment of market participants. When a stock is trading below its fair value, two major components can contribute to outsized total returns. For one, the starting dividend yield i ...

Reinforces progress towards goals and accelerated impact as global leader in mindful snackingHighlights progress toward 2050 net-zero goal, which was just validated by SBTiDemonstrates ongoing value generation through sustainability investments and initiativesShowcases innovative collaboration aiming to help advance sector-wide transformation and deliver lasting change at scale CHICAGO, April 15, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today released its 2023 Snacking Made Right ...

Mondelez International, Inc. (MDLZ) is in great shape due to the strength of its core categories. The company has been undertaking regular innovation and efforts to reshape its portfolio to focus on growth areas. Apart from this, the Zacks Rank #2 (Buy) player has been benefiting from favorable pricing, which has been working well for its organic revenues.Management expects 2024 organic net revenue growth in the upper range of 3-5%. The company anticipates seeing higher pricing in various markets with notab ...