Core Points - Mondelēz International, Inc. declared a quarterly dividend of $0.47 per share of Class A common stock, payable on April 14, 2025, to shareholders of record as of March 31, 2025 [1] - The company reported net revenues of approximately $36.4 billion for the year 2024, indicating strong financial performance [2] - Mondelēz International operates in over 150 countries and is known for its iconic brands such as Oreo, Ritz, and Cadbury Dairy Milk [2] Company Overview - Mondelēz International is a leading player in the snacking industry, focusing on empowering consumers to snack right [2] - The company is a member of prominent indices including the Standard and Poor's 500, Nasdaq 100, and Dow Jones Sustainability Index [2]

Core Insights - Mondelēz International's sixth annual State of Snacking™ report reveals that 71% of global consumers view sharing snacks as a love language, marking an 8% increase from 2023 [1][5] - The survey, conducted in partnership with The Harris Poll, indicates that consumers are increasingly using snacking to express love for others and themselves [2][5] - The company emphasizes the importance of connection through food, with 64% of consumers snacking to connect with others, also an 8% increase from the previous year [3][5] Company Overview - Mondelēz International reported net revenues of approximately $36.4 billion in 2024, positioning itself as a leader in the snacking industry with brands like Oreo, Ritz, and Cadbury [4] - The company is a member of the Standard and Poor's 500, Nasdaq 100, and Dow Jones Sustainability Index, highlighting its significant market presence and commitment to sustainability [4] Consumer Trends - Younger generations, particularly Gen Z and Millennials, are more inclined to use snacking as a form of self-care, focusing on mood enhancement, comfort, and stress management [5] - The survey results suggest that 93% of consumers believe they can always find a snack suitable for sharing, reinforcing the social aspect of snacking [5]

Group 1 - Cocoa-related stocks are currently experiencing a decline without a clear bottom in sight, impacting investor sentiment [1] - The focus is on long-term growth and dividend growth investing, emphasizing the importance of profitability over low valuation [1] - Key metrics for evaluating stocks include margins, free cash flow stability and growth, and returns on invested capital [1] Group 2 - The article highlights the importance of researching high-quality companies to identify potential investment opportunities [1]

Core Insights - Mondelez's international performance is crucial for assessing its financial resilience and growth prospects, especially given its global presence with brands like Oreo and Cadbury [1][2] Revenue Performance - The total revenue for Mondelez in the quarter ending December 2024 was $9.6 billion, reflecting a year-over-year increase of 3.1% [4] - Latin America generated $1.17 billion, accounting for 12.19% of total revenue, which was a decrease of 0.71% from the expected $1.18 billion [5] - Europe contributed $3.74 billion, representing 38.98% of total revenue, which was a shortfall of 1.47% from the anticipated $3.8 billion [6] - The AMEA region accounted for $1.91 billion, or 19.87% of total revenue, exceeding expectations by 3.48% [7] Future Projections - Analysts project total revenue for the current fiscal quarter to reach $9.4 billion, a 1.2% increase from the same quarter last year, with regional contributions expected from Latin America ($1.25 billion), Europe ($3.46 billion), and AMEA ($2.08 billion) [8] - For the full year, Mondelez is projected to achieve $37.55 billion in total revenue, indicating a 3% rise from the previous year, with regional shares expected to be Latin America ($5.01 billion), Europe ($13.71 billion), and AMEA ($7.77 billion) [9] Market Dependency - Mondelez's reliance on global markets for revenue presents both opportunities and challenges, making the monitoring of international revenue trends essential for predicting future performance [10] - The interconnected global economy and geopolitical uncertainties can impact the company's earnings and market behavior [3][10]

Financial Performance - For the year ended December 31, 2024, net revenues increased to $36,441 million, up from $36,016 million in 2023, representing a growth of 1.2%[354] - Gross profit for 2024 was $14,257 million, compared to $13,764 million in 2023, reflecting an increase of 3.6%[354] - Operating income rose to $6,345 million in 2024, up from $5,502 million in 2023, indicating a growth of 15.3%[354] - Net earnings attributable to Mondelēz International for 2024 were $4,611 million, a decrease from $4,959 million in 2023, representing a decline of 7%[354] - Basic earnings per share attributable to Mondelēz International for 2024 were $3.44, down from $3.64 in 2023, reflecting a decrease of 5.5%[354] - Net earnings for 2024 were $4,623 million, a decrease of 7% compared to $4,968 million in 2023[357] - Comprehensive earnings attributable to Mondelēz International for 2024 were $3,086 million, down from $4,960 million in 2023[357] Market Presence and Operations - The company operates in both emerging markets, including Latin America and parts of Europe, and developed markets, including North America and Australia[26] - The company generated 74.0% of its 2024 net revenues outside the United States, indicating strong international market presence[83] - The company operates in approximately 80 countries and markets products in over 150 countries, exposing it to global operational risks[83] - The company has completed several strategic transactions, including the sale of its developed market gum business and the acquisition of Evirth (Shanghai) Industrial Co., Ltd[114] Innovation and Product Development - The company focuses on innovation and new product development, aiming for continuous improvement in food safety and quality, with a robust framework for technology-driven product bundles[31] - Recent product launches include zero-sugar Oreos in China and reduced sugar candies in Australia, catering to evolving consumer preferences[32] - The company has a dedicated innovation hub, SnackFutures, aimed at leveraging emerging consumer trends and investing in early-stage entrepreneurs[33] Sustainability and Environmental Impact - The company emphasizes sustainability, with goals for more sustainable sourcing and reducing its environmental footprint, validated by the Science Based Targets Initiative[52] - The company announced a goal of achieving net zero greenhouse gas emissions by 2050, which will require significant transformation and capital investment[124] - Increased scrutiny from stakeholders regarding sustainability initiatives could impact the company's reputation and ability to attract or retain employees[120] - The company is exposed to risks from climate change, including increased costs and supply chain disruptions due to extreme weather events[121] Regulatory and Compliance Risks - The company is subject to various local, national, and multinational laws and regulations that impact operations, including environmental laws and extended producer responsibility policies in the EU[61] - The company is monitoring developments in laws and regulations that could impact its operations and financial condition[63] - Compliance with various international laws and regulations is critical, including anti-bribery and competition laws[86] - The company faces risks related to compliance with evolving laws and regulations across various countries, which could adversely affect product sales and financial condition[133] Supply Chain and Commodity Risks - The company monitors global supply and commodity trends to manage costs effectively, employing hedging strategies to mitigate risks from commodity price fluctuations[37] - Price volatility and higher aggregate costs in 2024 were driven by disrupted international supply chains, labor market challenges, and soaring commodity prices, particularly for cocoa beans[80] - The company has faced challenges in hedging against commodity price increases, which may affect profitability due to fluctuating input costs[82] - The company must effectively manage its supply chain to avoid disruptions caused by unpredictable factors such as natural disasters and geopolitical tensions[113] Workforce and Employee Development - The workforce profile as of December 31, 2024, included approximately 90,000 employees, with about 12,000 in the U.S. and 78,000 internationally[40] - The company continues to invest in employee development through training programs and a hybrid work model to enhance collaboration and engagement[42] - The company is committed to equal pay for equal work, with a recent analysis showing a pay gap of less than 1% between male and female employees performing similar roles[50] Financial Position and Assets - The company's indefinite-life intangible assets balance was $17.8 billion as of December 31, 2024, primarily consisting of brand names[347] - Total current assets increased to $13,242 million in 2024, up from $11,703 million in 2023, reflecting a growth of 13.1%[360] - Total liabilities decreased to $41,539 million in 2024 from $43,025 million in 2023, a reduction of 3.4%[360] - Cash and cash equivalents decreased to $1,351 million in 2024 from $1,810 million in 2023, a decline of 25.3%[360] Strategic Challenges - The company must adapt to competitive pressures and changing market conditions to maintain market share and profitability[94] - The company faces challenges in accurately predicting long-term consumer trends, which could impact its ability to meet growth targets[103] - The ongoing conflicts in the Middle East could impact demand for products and increase supply chain costs[84] - The war in Ukraine has affected business operations, with Russia accounting for 2.9% and Ukraine for 0.4% of 2024 consolidated net revenues[89] Risk Management - Cybersecurity remains a significant concern, with the company investing in enhanced security measures to mitigate risks from breaches and disruptions[110] - The company utilizes derivative instruments to manage risks associated with currency exchange rates, commodity prices, and interest rates[329] - The company has entered into forward purchase agreements and other derivative financial instruments to manage input cost volatility and inflation[331]

Core Insights - Mondelez International, Inc. (MDLZ) reported fourth-quarter 2024 results with net revenues increasing year over year but missing the Zacks Consensus Estimate, while adjusted earnings per share (EPS) decreased and also fell short of expectations due to a challenging operating environment marked by cocoa cost inflation [1][2][13] Financial Performance - Adjusted EPS was 65 cents, down 15.9% on a constant-currency basis, missing the Zacks Consensus Estimate of 66 cents, primarily due to decreased operating results and lower equity method investment earnings [2] - Net revenues rose 3.1% year over year to $9,604 million, driven by effective pricing strategies and positive volume/mix growth, but fell short of the Zacks Consensus Estimate of $9,691.7 million [3] - Organic net revenues grew 5.2% year over year, supported by a 5.1 percentage point increase in pricing and a favorable volume/mix impact of 0.1 percentage point [4] Market Segmentation - Revenues from emerging markets increased 1.7% to $3,640 million, with a 6.7% organic growth, driven by favorable pricing actions and volume/mix [5] - Revenues from developed markets rose 4% to $5,964 million, reflecting solid growth from Europe and the U.S., with organic growth of 4.3% [6] - Region-wise, revenues in Latin America dropped 7.2%, while Asia, the Middle East & Africa, and Europe grew 9.9% and 5.8%, respectively [7] Profitability Metrics - Adjusted gross profit fell by $440 million on a constant-currency basis, with the adjusted gross profit margin contracting by 650 basis points to 31.5%, mainly due to increased raw material and transportation costs [8] - Adjusted operating income declined by $396 million on a constant-currency basis, with the adjusted operating income margin contracting 510 basis points to 10% due to escalated input cost inflation [9] Financial Health - The company ended the quarter with cash and cash equivalents of $1,351 million, long-term debt of $15,664 million, and total equity of $26,958 million, generating $4,910 million of net cash from operating activities for the 12 months ended December 31, 2024 [11] - Adjusted free cash flow was $3,523 million for the same period, with management expecting free cash flow of over $3 billion for 2025 [11] Future Outlook - Mondelez projects organic net revenue growth of around 5% in 2025, but adjusted EPS is expected to decline by nearly 10% on a constant-currency basis due to unprecedented cocoa cost inflation [13] - The company anticipates a double-digit increase in inflation for 2025, primarily driven by cocoa costs and some labor expenses, with interest expense expected to be nearly $350 million [14]

Group 1 - Mondelēz has announced a multi-year partnership with Inter Miami CF as the official snacking partner, starting in the 2025 season, focusing on community and celebration [1][2] - The partnership aims to enhance the fan experience by providing exclusive opportunities and resources, including player appearances and tickets, to support local businesses [2][6] - The RITZ brand will collaborate with local organizations to engage the community, offering families the chance to attend Inter Miami matches [3][4] Group 2 - Mondelēz International reported net revenues of approximately $36 billion in 2023, with a portfolio of iconic brands including OREO, RITZ, and Cadbury [7] - Inter Miami CF is in its sixth season in Major League Soccer, playing at Chase Stadium and focusing on community engagement through partnerships [8]

New brand platform focuses on sparking and sustaining outdoor adventure for active kids — fueled with delicious, quality ingredientsEMERYVILLE, Calif., Feb. 5, 2025 /PRNewswire/ -- Zbar today announced its new integrated marketing campaign, "Adventure Needs Fuel," to help energize busy young lives with quality ingredients like organic rolled oats. Perfectly sized for kids' little hands, Zbar's soft-baked energy snack bars and crispy Protein snack bars are designed to help power playtime adventures and provi ...

Snacks giant Mondelez International Inc MDLZ shares are trading lower in premarket on Wednesday.The company reported fourth-quarter sales growth of 3.1% year-on-year to $9.60 billion, missing the analyst consensus estimate of $9.64 billion.Adjusted EPS of $0.65 also missed the consensus estimate of $0.66.Revenues in Asia, Middle East & Africa surged 9.9% whereas Latin America plunged 7.2%. Revenue from Europe and North America increased 5.8% and 0.1% respectively.Gross profit for the quarter climbed 6.9% to ...

Q4 & FY 2024 RESULTS February 4, 2025 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws. Words, and variations of words, such as "will," "may," "expect," "would," "could," "might," "intend," "plan," "believe," "likely," "estimate," "anticipate," "objective," "predict," "project," "drive," "seek," "aim," "target," "potential," "commitment," ...