Business Overview - The company's core business includes chocolate, biscuits, baked snacks, gum & candy, cheese & grocery, and powdered beverages globally[120] - The company aims to be the global leader in snacking by focusing on consumer-centric growth, operational excellence, culture, and sustainable snacking[121] Financial Performance - Net revenues increased 1.9% to $9.2 billion in Q3 2024 and 0.5% to $26.8 billion in the first nine months of 2024, driven by higher net pricing and favorable volume mix, partially offset by divestiture impacts and unfavorable currency-related items[144] - Organic Net Revenue, a non-GAAP measure, increased 5.4% to $9.3 billion in Q3 2024 and 4.0% to $27.3 billion in the first nine months of 2024, driven by higher net pricing and favorable volume/mix[144] - Diluted EPS decreased 12.5% to $0.63 in Q3 2024 and 27.4% to $2.12 in the first nine months of 2024, impacted by mark-to-market losses, higher intangible asset impairment charges, and ERP system implementation costs[144] - Adjusted EPS, a non-GAAP measure, increased 28.6% to $0.99 in Q3 2024 and 19.1% to $2.80 in the first nine months of 2024, driven by operating gains, fewer shares outstanding, and lower interest expense[144] - Emerging markets net revenues increased 0.1% in Q3 2024, while Organic Net Revenue in emerging markets grew 4.9%, driven by higher net pricing[148] - Developed markets net revenues increased 3.1% in Q3 2024, while Organic Net Revenue in developed markets grew 5.6%, driven by higher net pricing and favorable volume/mix[148] - Net earnings attributable to Mondelēz International decreased 13.3% to $853 million in Q3 2024, driven by lower operating income and higher impairment charges[148] - Net revenues increased by $135 million (0.5%) to $26,837 million in the first nine months of 2024 compared to $26,702 million in the same period of 2023[160] - Net earnings attributable to Mondelēz International decreased by $1,143 million (28.5%) to $2,866 million in the first nine months of 2024 compared to $4,009 million in the same period of 2023[160] - Organic Net Revenue increased by 4.0% driven by higher net pricing, partially offset by unfavorable volume/mix[161] - Net revenue increased by 0.5% despite a $483 million reduction due to the 2023 divestiture of the developed market gum business[161] - Currency-related items decreased net revenues by $468 million due to unfavorable currency translation rate changes[161] - Adjusted Operating Income increased by $709 million (16.8%) on a constant currency basis[162] - Higher net pricing contributed $1,417 million to Adjusted Operating Income, partially offset by higher input costs of $190 million[163] - Selling, general and administrative expenses increased by $270 million, driven by higher advertising and consumer promotion costs[165] - Operating income margin increased from 16.1% in 2023 to 17.6% in 2024, driven by higher Adjusted Operating Income margin[167] - Adjusted Operating Income margin increased from 16.1% in 2023 to 18.4% in 2024, primarily due to higher net pricing and lower manufacturing costs[167] - Unfavorable currency changes decreased operating income by $143 million, primarily due to the strength of the U.S. dollar[166] - The short-term distributor agreement added incremental net revenues of $25 million for the first nine months of 2024[161] - Diluted EPS attributable to Mondelēz International decreased by $0.80 (27.4%) to $2.12 for the nine months ended September 30, 2024, compared to $2.92 in the same period in 2023[169] - Adjusted EPS (constant currency) increased by $0.54 (23.0%) to $2.89 for the nine months ended September 30, 2024, driven by a $0.47 increase in operations and a $0.05 change in shares outstanding[169] Regional Performance - The company's operations in Ukraine and Russia generated 0.4% and 2.9% of consolidated net revenue in Q3 2024, respectively[125] - Net revenues for Latin America decreased by $101 million (7.7%) for the three months ended September 30, 2024, primarily due to unfavorable currency-related items (9.7 pp) and unfavorable volume/mix (3.9 pp)[176] - Segment operating income for Latin America decreased by $31 million (19.9%) for the three months ended September 30, 2024, primarily due to higher raw material costs and unfavorable currency-related items[177] - Net revenues for AMEA increased by $60 million (3.4%) to $1.851 billion for the three months ended September 30, 2024, compared to $1.791 billion in the same period in 2023[180] - Segment operating income for AMEA increased by $33 million (10.9%) to $335 million for the three months ended September 30, 2024, compared to $302 million in the same period in 2023[180] - Net revenues for Europe increased by $237 million (7.7%) to $3.323 billion for the three months ended September 30, 2024, compared to $3.086 billion in the same period in 2023[174] - Segment operating income for Europe increased by $111 million (22.5%) to $605 million for the three months ended September 30, 2024, compared to $494 million in the same period in 2023[174] - Net revenues for North America decreased by $21 million (0.7%) to $2.826 billion for the three months ended September 30, 2024, compared to $2.847 billion in the same period in 2023[174] - Segment operating income for North America increased by $386 million (72.6%) to $918 million for the three months ended September 30, 2024, compared to $532 million in the same period in 2023[174] - Net revenues increased by $60 million (3.4%) for the three months ended September 30, driven by higher net pricing (5.1 pp) and favorable volume/mix (0.7 pp), partially offset by unfavorable currency translation rate changes (2.4 pp)[181] - Segment operating income increased by $33 million (10.9%) for the three months ended September 30, primarily due to higher net pricing and lower manufacturing costs, partially offset by higher advertising and raw material costs[182] - Net revenues increased by $49 million (0.9%) for the nine months ended September 30, driven by higher net pricing (5.8 pp), mostly offset by unfavorable currency translation rate changes (4.5 pp) and unfavorable volume/mix (0.4 pp)[183] - Segment operating income increased by $167 million (19.2%) for the nine months ended September 30, primarily due to higher net pricing and lower manufacturing costs, partially offset by higher raw material costs and unfavorable currency translation rate changes[184] - Net revenues in Europe increased by $237 million (7.7%) for the three months ended September 30, driven by higher net pricing (7.6 pp), favorable currency translation rate changes (1.7 pp), and favorable volume/mix (0.5 pp), partially offset by divestitures (2.1 pp)[186] - Segment operating income in Europe increased by $111 million (22.5%) for the three months ended September 30, primarily due to higher net pricing, favorable volume/mix, and lower divestiture-related costs[187] - Net revenues in North America decreased by $21 million (0.7%) for the three months ended September 30, due to divestitures (4.3 pp) and unfavorable currency translation rate changes (0.1 pp), partially offset by higher net pricing (2.0 pp) and favorable volume/mix (1.7 pp)[191] - Segment operating income in North America increased by $386 million (72.6%) for the three months ended September 30, primarily due to a favorable contingent consideration adjustment and lower acquisition integration costs[192] Cost and Expense Management - The company faces higher operating costs due to inflationary pressures, supply constraints, and rising cocoa costs, with cocoa prices significantly higher year-over-year[122] - Higher cocoa, sugar, nuts, and other ingredient costs drove the increase in aggregate commodity costs in the first nine months of 2024, partially offset by lower energy, dairy, edible oils, grains, and packaging costs[212] - The company expects higher cocoa costs in the near- and medium-term due to international supply chain and labor market disruptions[214] - The company uses hedging, higher pricing, and manufacturing and overhead cost control to address higher commodity costs and currency impacts[215] - The company's commodity procurement practices aim to mitigate price volatility but may limit the ability to benefit from future price decreases[215] - Total selling, general and administrative expenses decreased by $389 million in Q3 2024 compared to Q3 2023[154] - Selling, general and administrative expenses increased by $270 million, driven by higher advertising and consumer promotion costs[165] Strategic Initiatives and Investments - The company approved $1.2 billion for a multi-year ERP and supply chain systems upgrade, with expected completion by year-end 2028[128] - The company announced the acquisition of a majority stake in Evirth (Shanghai) Industrial Co., Ltd, a leading cake and pastry manufacturer in China[133] - The company sold its remaining 85.9 million shares in JDE Peet's for approximately €2.2 billion ($2.4 billion), expected to complete in Q4 2024[137] - The company expects 2024 capital expenditures to be up to $1.5 billion, primarily for modernizing manufacturing facilities and supporting productivity initiatives[200] - ERP System Implementation program approved with $1.2 billion funding, expected to complete by year-end 2028, with majority operating expenses excluded from non-GAAP measures[225] Non-GAAP Measures and Adjustments - The company excluded extreme pricing in Argentina (over 26% year-over-year) from non-GAAP financial measures starting Q1 2024[129] - Adjusted EPS excludes extreme pricing impact in Argentina due to a 26% year-over-year devaluation of the Argentinean peso, effective Q1 2024[223] - Divestitures include JDE Peet's ownership reductions, reflected in non-GAAP results the following quarter[223] - Non-GAAP measures exclude unrealized gains/losses from commodity and currency derivatives until exposures impact operating results[223] - Incremental costs related to the Russia-Ukraine war, including asset impairments and uncollectible accounts, are excluded from operating results[223] - European Commission legal matter resolved with payment obligation fulfilled in August 2024, excluded from non-GAAP measures[225] - Pension participation changes and multiemployer plan withdrawals excluded from non-GAAP results[225] - Acquisition-related costs, including transaction fees and ESOP buyouts, excluded from non-GAAP measures[223] - Integration costs and contingent consideration adjustments for acquisitions excluded from non-GAAP measures[223] - Highly inflationary accounting impacts for Argentina and Türkiye excluded from non-GAAP measures[223] Debt and Capital Structure - Total debt as of September 30, 2024 was $19.8 billion, compared to $19.4 billion as of December 31, 2023, with a debt-to-capitalization ratio of 0.42 and 0.41 respectively[209] - The weighted-average term of outstanding long-term debt was 7.9 years as of September 30, 2024[209] - Average daily commercial paper borrowings outstanding were $1.0 billion in the first nine months of 2024, down from $2.7 billion in the same period of 2023[209] - The company paid dividends of $1,722 million in the first nine months of 2024, compared to $1,581 million in the same period in 2023[204] Market and Commodity Trends - Cocoa bean prices on the Intercontinental Exchange in London were 79% higher on the last trading day of Q3 2024 compared to the same day in Q3 2023[214] - The company expects ongoing volatility in snacks revenue growth but remains optimistic about future growth[123] Operational Metrics - Operations held by MIHN generated 72.8% ($19.5 billion) of the $26.8 billion consolidated net revenue for the nine months ended September 30, 2024[210] - Operations held by MIHN represented 82.8% ($23.1 billion) of the $27.9 billion net assets as of September 30, 2024[210]

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 Q3 2024 Results Net Revenues increased +1.9% Organic Net Revenue grew +5.4% 1 Volume/Mix grew +0.3% Diluted EPS declined -12.5% to $0.63 Adjusted EPS on a constant currency basis up +28.6% to $0.99 1 YTD cash from operating activities $3.5 billion YTD Free Cash Flow $2.5 billion 1 Agreed to acquire a majority stake in Evirth CHICAGO, Ill. – October 29, 2024 ...

Wall Street analysts expect Mondelez (MDLZ) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year increase of 2.4%. Revenues are expected to be $9.06 billion, up 0.4% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company reveals its ear ...

Mondelez International, Inc. (MDLZ) is likely to register top and bottom-line growth when it reports thirdquarter 2024 earnings on Oct. 29. The Zacks Consensus Estimate for revenues is pegged at $9.07 billion, suggesting an increase of 0.4% from the prior-year quarter's reported figure. The consensus mark for thirdquarter earnings has remained unchanged in the past 30 days at 84 cents per share, indicating a rise of 2.4% from the figure reported in the year-ago quarter. MDLZ has a trailing four-quarter earn ...

Mondelez (MDLZ) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 2 ...

Mondelez International, Inc.'s (MDLZ) shares have gained 7.5% in the past three months, surpassing the industry and the broader S&P 500 index's growth of 4.6% and 4.5%, respectively. This performance stems from a strategic emphasis on core categories and targeted initiatives to streamline and reshape the company's portfolio. Image Source: Zacks Investment Research MDLZ stock last traded at $71.91 and is 6.8% below its 52-week high of $77.20, touched on Feb. 2, 2024. The stock is trading above its 200-day mo ...

CHICAGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) will release its third quarter 2024 financial results on Tuesday, October 29, 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 800-225-9448 from the United States and 203-518- 9708 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be ...

Oreo cookies maker Mondelēz has taken a minority stake in healthy doughnuts startup Urban Legend ... [+] through its corporate ventures unit SnackFutures.Urban LegendIn a move that highlights the growing shift toward healthier bakery options in the UK, Oreo cookies maker Mondelēz International has made a first minority investment in local startup, Urban Legend, through its venture unit SnackFutures. Financial details were not disclosed.Founded in 2021 by Anthony Fletcher, former CEO of Graze snacks (acquire ...

Mondelez International, Inc. (MDLZ) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 20.26, higher than the industry average of 16.41 and the Zacks Consumer Staples sector’s 18.12. This inflated valuation suggests that the market is pricing in high growth expectations, but it also raises questions about whether the company can deliver results that justify such a premium. MDLZ’s Value Score of C adds to these concerns.While a high valuation suggests caution, the company's strong br ...

Urban Legend's air frying technology reduces fat, sugar and calories by 30% to 75% vs. traditionally made doughnuts Supports Mondelēz strategic intent to expand in cakes and pastries CHICAGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that its corporate venture capital arm, SnackFutures Ventures, has taken a minority stake in Urban Legend, a fast-growing, "better-for-you" fresh doughnut and pastry business in the United Kingdom. Founded in 2021 by scientist ...