Mondelēz International Reports Q2 2025 Results

Core Insights - Mondelēz International reported a net revenue increase of 7.7% in Q2 2025, with organic net revenue growth of 5.6% driven by strong pricing execution in the chocolate segment and growth across most geographies [1][2][5] - The diluted EPS rose by 8.9% to $0.49, while adjusted EPS decreased by 14.5% on a constant currency basis to $0.73 [1][4][14] - The company returned $2.9 billion to shareholders in the first half of 2025 and announced a 6% increase in the quarterly dividend [1][14] Financial Performance - Net Revenue: Q2 2025 net revenues reached $8.984 billion, a 7.7% increase compared to the previous year, with organic growth of 5.6% [3][19] - Operating Income: Operating income for Q2 2025 was $1.172 billion, reflecting a 37.2% increase year-over-year, while adjusted operating income decreased by 14.0% [4][14] - Gross Profit: Gross profit was $2.937 billion, up 5.0%, but the gross profit margin decreased to 32.7% [4][14] Regional Performance - Latin America: Reported net revenues of $1.194 billion, a decrease of 3.1% year-over-year, with organic growth of 5.4% [3] - Asia, Middle East & Africa: Revenues increased by 14.7% to $1.821 billion, with organic growth of 8.6% [3] - Europe: Revenues rose by 18.7% to $3.412 billion, with organic growth of 12.5% [3] - North America: Revenues decreased by 3.5% to $2.557 billion, with organic growth declining by 3.4% [3] Cash Flow and Capital Return - The company generated $1.4 billion in cash from operating activities year-to-date and reported free cash flow of $0.8 billion [1][14] - A quarterly cash dividend of $0.50 per share was declared, marking a 6% increase [1][14] 2025 Outlook - The company maintains an organic net revenue growth target of approximately 5% for 2025, with adjusted EPS expected to decline by about 10% on a constant currency basis due to cocoa cost inflation [7][8] - Free cash flow for 2025 is projected to exceed $3 billion [7]