Mondelēz International Reports Q4 and FY 2024 Results

Core Insights - Mondelēz International reported a 1.2% increase in net revenues for FY'24, with organic net revenue growth of 4.3% despite a volume/mix decline of 1.0% [1][5] - The diluted EPS for FY'24 decreased by 5.5% to $3.42, while adjusted EPS on a constant currency basis increased by 13.0% to $3.36 [1][17] - The company generated $4.9 billion in cash from operating activities and returned $4.7 billion to shareholders [1][17] Financial Performance - Net revenues for Q4 2024 were $9.604 billion, reflecting a 3.1% increase compared to the previous year, driven by organic net revenue growth of 5.2% [3][21] - Gross profit for FY'24 increased by $493 million, with a gross profit margin of 39.1%, up 90 basis points year-over-year [5][21] - Operating income for FY'24 rose by $843 million, resulting in an operating income margin of 17.4%, an increase of 210 basis points [5][21] Regional Performance - In Q4 2024, Latin America experienced a 7.2% decline in net revenues, while Asia, Middle East & Africa saw a 9.9% increase [3] - For FY'24, North America reported a 1.5% decline in net revenues, while Europe experienced a 3.5% increase [3] 2025 Outlook - The company anticipates organic net revenue growth of approximately 5% for FY'25, but expects adjusted EPS to decline by about 10% on a constant currency basis due to cocoa cost inflation [9][10] - Currency translation is estimated to negatively impact 2025 net revenue growth by approximately 2.5% and adjusted EPS by $0.12 [9][10] Strategic Focus - The CEO emphasized the company's commitment to executing its long-term growth strategy and adapting to cocoa cost inflation challenges [2] - The company aims to maintain agility in navigating the current operating environment while focusing on top- and bottom-line growth [2]