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Mondelez International(MDLZ) - 2023 Q4 - Annual Report
2024-02-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 52-228437 ...
Mondelez (MDLZ) Q4 Earnings & Revenues Beat, Increase Y/Y
Zacks Investment Research· 2024-01-31 17:21
Mondelez International, Inc. (MDLZ) delivered robust fourth-quarter 2023 results, with the top and the bottom line increased year over year and came ahead of the respective Zacks Consensus Estimate.Robust results reflect the strength of the company’s categories, brands and geographies. MDLZ witnessed solid revenue and profit growth across all regions. Continuous reinvestments in its brands and capabilities — along with impressive portfolio reshaping efforts — place Mondelez well for future growth. In this r ...
AMERICA'S FAVORITE COOKIE EMBRACES TWISTS OF FATE IN NEW BIG GAME AD SPOT
Prnewswire· 2024-01-31 15:00
The ad welcomes viewers to a world where the twist of an OREO cookie plays a crucial role in the some of the most famous (and infamous) decisions, from the dawn of time to modern day. The delicious twist decides pivotal things like whether the Trojan Horse enters the city of Troy, if aliens really visited earth and more. "I am so excited that the OREO brand is returning to the Big Game in a big way with a campaign that cements our brand's cultural relevance and playful identity," said Michelle Deignan, Vice ...
Mondelez shares dip as volumes wobble after price hikes
Proactive Investors· 2024-01-31 09:56
Mondelez reported a rise in sales in the final quarter but cautioned consumers are starting to rein back spending after hefty price hikes. Profit margins have been rising steadily through 2023 at the Toblerone and Cadbury group helped by higher prices. Volumes though are starting to reflect those rises, said analysts with North American volumes down 5.5 percentage points in the fourth quarter owing to weaker biscuit sales and stock rotation. Product prices in the region rose 7.4 points, helping organic sale ...
Cadbury-owner cautious as chocolate lovers baulk at price hikes
Proactive Investors· 2024-01-31 09:47
Core Insights - Mondelez reported a rise in sales in the final quarter but indicated that consumers are beginning to reduce spending due to significant price increases [1] - Profit margins have been steadily increasing throughout 2023, driven by higher prices for products like Toblerone and Ritz Crackers [1] - The company anticipates customer disruption in Europe during the first quarter and potentially into the second quarter due to ongoing high inflation [1] Financial Performance - Revenues in the fourth quarter increased by 7.1% to US$9.8 billion, while annual revenues rose by 14.4% to US$36 billion [2] - Net earnings for the year increased by 13.1% to US$4.37 billion on an adjusted basis [2] - European revenues rose by 11.6% in the final three months, with volume growth contributing 3.3 percentage points and price increases contributing 8.3 percentage points [1] Regional Insights - In North America, Mondelez experienced a decline in volumes by 5.5 percentage points in the fourth quarter, attributed to weaker biscuit sales and inventory control, while prices rose by 7.4 percentage points [1] - The company noted balanced growth across developed and emerging markets, with strong performance in all regions [2]
Here's What Key Metrics Tell Us About Mondelez (MDLZ) Q4 Earnings
Zacks Investment Research· 2024-01-31 03:31
Mondelez (MDLZ) reported $9.31 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.1%. EPS of $0.84 for the same period compares to $0.73 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.3 billion, representing a surprise of +0.15%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...
Mondelez Looks to Healthier Snacks to Whet Consumers' Appetites
PYMNTS· 2024-01-31 02:30
Global snack and candy giant Mondelez International is pivoting its focus to healthier chocolate. Reporting on the fourth quarter of 2023, Mondelez, which owns brands like Oreo, Cadbury and Ritz, said it recorded a strong quarter, with a 14.4% growth in net revenue year over year, with a healthy performance across the globe, according to a Tuesday (Jan. 30) press release. Mondelez has focused on core categories like chocolate, biscuits and baked snacks for its direct-to-consumer (D2C) sales, which offer att ...
Mondelez International(MDLZ) - 2023 Q4 - Earnings Call Transcript
2024-01-31 01:51
Mondelez International, Inc. (NASDAQ:MDLZ) Q4 2023 Earnings Conference Call January 30, 2024 5:00 PM ET Company Participants Shep Dunlap - Senior Vice President, Investor Relations Dirk Van De Put - Chairman and Chief Executive Officer Luca Zaramella - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - J.P. Morgan Bryan Spillane - Bank of America David Palmer - Evercore Robert Moskow - TD Cowen Steve Powers - Deutsche Bank Alexia Howard - Bernstein Operator Good day, ...
Mondelez (MDLZ) Q4 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-01-30 23:16
Mondelez (MDLZ) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. 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 $0.82, delivering a surprise of 5.13%.O ...
Oreo-maker Mondelez calls for slower growth this year
Market Watch· 2024-01-30 22:01
Global snacks giant Mondelez International Inc. late Tuesday called for slower growth this year, hedging that its outlook comes amid “greater-than-usual volatility as a result of geopolitical uncertainty.”Mondelez MDLZ, +0.82% said it expects net revenue growth between 3% and 5% for 2024; the maker of Oreos, Ritz crackers and other popular snack and candy brands grew slightly more than 14% last year. Mondelez earned $950 million, or 70 cents a share, in the fourth quarter, compared with $585 million, or 42 ...