New $9 billion authorization for share repurchaseCompany declares regular quarterly dividend of $0.47 per shareConfirming capital allocation priorities, including brand and capabilityreinvestment, bolt-on acquisitions, share repurchase and dividends CHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (NASDAQ: MDLZ) approved a new share repurchase authorization of up to $9 billion of Class A common stock, effective January 1, 2025. The new authorization, effectiv ...

Leadership Changes - Volker Kuhn appointed as Executive Vice President and President, Europe, effective April 1, 2025, reporting directly to Chair and CEO Dirk Van de Put [1] - Kuhn replaces Vinzenz Gruber, who is retiring effective April 1, 2025 [1] - Kuhn will join Mondelēz on January 6, 2025, to ensure a smooth transition with Gruber [1] Volker Kuhn's Background - Kuhn joins from Reckitt's hygiene business, where he delivered top- and bottom-line performance acceleration through innovation and category growth [2] - Previously served as Reckitt's Chief Transformation Officer [2] - Spent 26 years at Procter & Gamble, leading growth accelerations, turnarounds, and business transformations across multiple regions [3] - Led the successful carve-out and divestiture of Duracell from P&G to Berkshire Hathaway [3] - Expertise spans consumer products categories, including 10 years leading Pringles Snacks division in Europe [3] CEO's Perspective - Dirk Van de Put highlights Kuhn's international consumer packaged goods experience and leadership impact as key to accelerating growth in Europe [4] - Kuhn's role will focus on strengthening consumer loyalty to Mondelēz's iconic brands [4] Acknowledgment of Outgoing Leader - Van de Put thanks Vinzenz Gruber for his leadership in advancing core brands like Cadbury, Milka, and Oreo across Europe [5] - Gruber's tenure saw expansion into snack bars, cakes, and pastries, setting the business up for continued growth [5] Company Overview - Mondelēz International operates in over 150 countries with 2023 net revenues of approximately $36 billion [6] - Leading the future of snacking with iconic brands such as Oreo, Cadbury Dairy Milk, Milka, and Toblerone [6] - Member of the S&P 500, Nasdaq 100, and Dow Jones Sustainability Index [6]

Mondelez International, Inc. (MDLZ) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 19, higher than the industry average of 15.94. 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. Shares of Mondelez have tumbled 9.4% in the past three months compared with the industry’s decline of 4.4%. This global snack food company trailed the broader Z ...

Mondelez International Inc (NASDAQ: MDLZ ) has good growth prospects ahead. The company’s revenue growth should benefit from additional price increases planned in the coming year. In addition, year-over-year organic growth comparisons are also becoming easier as we move intoWe focus on GARP (Growth at reasonable Price) opportunities in industrial, consumer, and technology sectors. We are among the top 50 financial experts (Out of ~39,000 tracked) as measured by Tipranks based on the consistency of our stock ...

Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I realized that it was not my path: too many charts, lines, and not very concrete concepts for a pragmatic person like me. I needed something different ...

Mondelez International, Inc. (MDLZ) reported impressive third-quarter 2024 results, with the top and bottom lines beating the Zacks Consensus Estimate and increasing year over year.Adjusted earnings were 99 cents per share, which increased 28.6% on a constant-currency (cc) basis. The metric also surpassed the Zacks Consensus Estimate of earnings of 85 cents per share. The upside was backed by solid operating gains, reduced interest expenses and taxes, as well as a lower number of shares outstanding.Find the ...

For the quarter ended September 2024, Mondelez (MDLZ) reported revenue of $9.2 billion, up 1.9% over the same period last year. EPS came in at $0.99, compared to $0.82 in the year-ago quarter.The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $9.07 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +16.47%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Financial Data and Key Metrics Changes - Organic net revenue grew by 5.4% in Q3 2024, with adjusted gross profit dollar growth of 11.2% [9][21] - Adjusted EPS increased by 28.6% in the quarter, with free cash flow generation of $2.5 billion year-to-date [9][26] - Developed markets revenue grew by 5.6%, while emerging markets revenue increased by 4.9% [21] Business Line Data and Key Metrics Changes - Biscuits and baked snacks grew by 3.3%, with strong performances from brands like Oreo and Ritz [22] - Chocolate category grew by 9.2%, with volume/mix down by 1.2% primarily due to challenges in Latin America [22] - Gum and candy grew by 5.6%, driven by strength in key markets like Brazil and the US [22] Market Data and Key Metrics Changes - North America saw a revenue growth of 3.7%, with significant contributions from brand activations and new price packs [24] - Europe experienced an 8.1% growth, with strong execution in key markets such as the UK and Germany [24] - Emerging markets showed stable consumer confidence, particularly in India, Brazil, and Mexico, despite challenges in China [12][24] Company Strategy and Development Direction - The company is focused on long-term growth strategies in core categories of chocolate, biscuits, and baked snacks, aiming for 90% of revenue from these categories by 2030 [13] - Recent acquisition of Evirth in China aims to expand presence in the cakes and pastries category, which is valued at approximately $14 billion [15][17] - Continued investment in marketing and brand building, including a collaboration between Oreo and Coca-Cola [13][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the overall health of the business, with expectations for robust top-line growth into next year [35][36] - Cocoa cost pressures are anticipated, but management is focused on protecting key price points and maintaining brand loyalty [19][28] - The company expects to navigate short-term cocoa dynamics while positioning for long-term sustainable earnings growth [33][34] Other Important Information - The company has repurchased $1.2 billion in stock year-to-date and plans to continue opportunistic buybacks [26] - Cocoa costs are expected to normalize, with a positive outlook for supply in 2025 [27][32] Q&A Session Summary Question: Discussion on Q3 dynamics and chocolate strategy - Management highlighted strong top-line growth and positive volume mix, with plans to protect the health of the chocolate category while addressing cocoa challenges [35][36] Question: Insights on Q4 EPS guidance and implications for next year - Management noted that Q4 EPS is expected to be down year-over-year due to locked-in high cocoa costs, but sees this as an anomaly [37][38] Question: Factors driving North America's performance in snacking - Management attributed North America's performance to effective pricing strategies and consumer loyalty, particularly in the $3 to $4 price range [40][41] Question: Growth plans for cakes and pastries and market expansion - Management emphasized the significant growth potential in the cakes and pastries category, particularly in China, while considering future expansion opportunities [44][45] Question: Outlook for EPS growth in 2025 - Management indicated challenges for EPS growth in 2025 unless cocoa prices decline or elasticities improve, with clarity expected in early 2025 [46][47] Question: Commentary on Latin America and China market performance - Management expressed confidence in Latin America despite some volume declines, and noted optimism in China due to government stimulus policies [57][58]

Mondelez (MDLZ) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.47%. 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 $0.86, delivering a surprise of 10.26% ...

Q3 2024 RESULTS October 29, 2024 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," "out ...