Mondelēz International Reports Q4 and FY 2025 Results

Core Insights - Mondelēz International reported a 5.8% increase in net revenues for FY'25, driven by a 4.3% organic net revenue growth, despite a volume/mix decline of 3.7% [1][8] - The diluted EPS for FY'25 decreased by 44.7% to $1.89, while the adjusted EPS was $2.92, down 14.6% on a constant currency basis [1][4] - The company generated $4.5 billion in cash from operating activities and returned $4.9 billion to shareholders [1][8] Financial Performance - FY'25 net revenues reached approximately $38.5 billion, with organic net revenue growth attributed to higher net pricing, partially offset by unfavorable volume/mix [3][8] - Gross profit for FY'25 decreased by $3.3 billion, with a gross profit margin decline of 1,070 basis points to 28.4% due to unfavorable commodity and foreign currency impacts [4][8] - Operating income fell by $2.8 billion, resulting in an operating income margin of 9.2%, down 820 basis points [4][8] Regional Performance - In Q4 2025, net revenues in Latin America increased by 7.9%, while North America saw a slight decline of 0.6% [3] - For the full year, Latin America reported a 0.5% decrease in net revenues, while Europe experienced a 12.9% increase [3] 2026 Outlook - The company anticipates organic net revenue growth for 2026 to be flat to 2%, with adjusted EPS growth expected to be flat to 5% on a constant currency basis [7] - Free cash flow for 2026 is projected to be approximately $3 billion, with currency translation expected to positively impact net revenue growth by about 2% [7][8] Strategic Focus - The CEO emphasized the company's commitment to sustainable, profitable growth through improved volumes, brand investments, and cost savings [2] - The company aims to leverage its scale, iconic brands, and supply chain strength to create long-term shareholder value [2]