Financial Performance - Net revenues for Q1 2025 increased by 0.2%, with organic net revenue growth of 3.1% and a volume/mix decline of 3.5%[1] - Diluted EPS decreased by 70.2% to $0.31, while adjusted EPS was $0.74, reflecting an 18.3% decline on a constant currency basis[5] - Gross profit margin fell to 26.1%, down 2,500 basis points year-over-year, primarily due to increased raw material and transportation costs[7] - Operating income decreased by 75.1% to $680 million, with an operating income margin of 7.3%, down 2,210 basis points[5] - Net revenues for Q1 2025 were $9,313 million, a slight increase from $9,290 million in Q1 2024, representing a growth of 0.2%[23] - Gross profit decreased to $2,430 million in Q1 2025, with a gross profit margin of 26.1%, down from $4,750 million and 51.1% in Q1 2024[23] - Operating income fell to $680 million in Q1 2025, with an operating income margin of 7.3%, compared to $2,727 million and 29.4% in Q1 2024[23] - Net earnings attributable to Mondelēz International were $402 million in Q1 2025, a significant decline from $1,412 million in Q1 2024[23] - Basic earnings per share attributable to Mondelēz International decreased to $0.31 in Q1 2025 from $1.05 in Q1 2024[23] Shareholder Returns - The company returned $2.1 billion to shareholders through cash dividends and share repurchases in Q1 2025[8] Future Outlook - For 2025, the company expects organic net revenue growth of approximately 5% and adjusted EPS to decline by about 10% on a constant currency basis due to cocoa cost inflation[10] - Free cash flow for 2025 is projected to exceed $3 billion[10] - The outlook for 2025 does not account for potential tariff changes related to the USMCA[10] Assets and Liabilities - Total assets increased to $68,927 million as of March 31, 2025, compared to $68,497 million at the end of 2024[26] - Total liabilities rose to $43,104 million as of March 31, 2025, up from $41,539 million at the end of 2024[26] - Net debt increased to $17,977 million as of March 31, 2025, from $16,398 million at the end of 2024[26] Cash Flow - Net cash provided by operating activities was $1,092 million in Q1 2025, down from $1,324 million in Q1 2024[29] - The company reported a net cash used in financing activities of $704 million in Q1 2025, compared to $1,223 million in Q1 2024[29] - Net Cash Provided by Operating Activities decreased by $232 million from $1,324 million in 2024 to $1,092 million in 2025[77] - Free Cash Flow decreased by $210 million from $1,025 million in 2024 to $815 million in 2025[77] Strategic Initiatives - The company remains committed to its strategic agenda and aims to navigate the volatile operating environment effectively[3] - The Simplify to Grow Program, aimed at reducing supply chain and overhead costs, was completed in Q4 2024, with restructuring charges incurred during the process[47] - The ERP System Implementation program is ongoing, with expected completion by year-end 2028, involving significant incremental costs[52] - The Simplify to Grow program contributed to operational efficiencies, with a total impact of $53 million[72] Currency and Economic Impact - The company reported a significant impact from currency-related items, contributing $342 million to organic revenue growth[59] - The company reported a significant impact from currency-related items, totaling $27 million[70] - The company incurred incremental costs related to the war in Ukraine, including asset write-downs, but has resumed production at its Ukrainian facilities as of Q2 2024[51] - The company noted incremental costs due to the war in Ukraine, amounting to $1 million[72] - The company has excluded the impact of extreme pricing increases in Argentina (over 26% year-over-year) from its non-GAAP measures starting Q1 2024[57] - The company’s operations in highly inflationary economies, including Argentina, Türkiye, Egypt, and Nigeria, are accounted for separately to reflect their unique financial impacts[49] Adjusted Financial Metrics - Adjusted (Non-GAAP) gross profit for Q1 2025 was $3,110 million, with a gross margin of 33.4%, and adjusted operating income was $1,375 million, reflecting an operating margin of 14.8%[63] - Adjusted EPS (Non-GAAP) for Q1 2025 was $0.74, down 20.4% from $0.93 in Q1 2024[68] - Adjusted (Non-GAAP) net earnings for Q1 2025 were $1,375 million, with an effective tax rate of 23.6%[65] - The adjusted operating income for North America was $412 million, with a margin of 21.1%[72]

Core Insights - Mondelēz International reported a slight increase in net revenues of 0.2% for Q1 2025, with organic net revenue growth of 3.1%, but faced a decline in volume/mix of 3.5% [1][6] - The diluted EPS fell significantly by 70.2% to $0.31, while adjusted EPS decreased by 18.3% on a constant currency basis to $0.74 [1][5] - The company generated $1.1 billion in cash from operating activities and reported free cash flow of $0.8 billion, returning $2.1 billion to shareholders [1][6] Financial Performance - Net revenues for Q1 2025 were $9,313 million, showing a 0.2% increase compared to the previous year, with organic net revenue growth of 3.1% [4][20] - The gross profit decreased to $2,430 million, with a gross profit margin of 26.1%, down 25.0 percentage points year-over-year [5][20] - Operating income was reported at $680 million, reflecting a 75.1% decline, with an operating income margin of 7.3%, down 22.1 percentage points [5][20] Regional Performance - In Latin America, net revenues were $1,203 million, down 8.8%, while organic net revenue growth was 3.9% [4] - Asia, Middle East & Africa reported net revenues of $2,016 million, with a 3.4% increase and organic growth of 1.8% [4] - Europe saw net revenues of $3,550 million, up 5.4%, with organic growth of 8.9% [4] Strategic Outlook - The company reaffirmed its outlook for 2025, expecting organic net revenue growth of approximately 5% and a decline in adjusted EPS of about 10% on a constant currency basis due to cocoa cost inflation [8][51] - Free cash flow for 2025 is projected to exceed $3 billion, with no expected impact from currency translation on net revenue growth or adjusted EPS [8][51] Shareholder Returns - Mondelēz returned $2.1 billion to shareholders through cash dividends and share repurchases in the first quarter of 2025 [1][6] - The company continues to focus on delivering sustainable shareholder value while navigating a volatile operating environment [3][6]

Core Viewpoint - Mondelez (MDLZ) is expected to report quarterly earnings of $0.66 per share, reflecting a 30.5% decline year-over-year, while revenues are forecasted to increase by 0.4% to $9.33 billion [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 0.8%, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts project 'Geographic Revenue- North America' to reach $2.57 billion, a decrease of 3% from the previous year [5] - 'Geographic Revenue- Europe' is estimated at $3.39 billion, reflecting a 0.7% increase year-over-year [5] - 'Geographic Revenue- AMEA' is expected to be $2.07 billion, indicating a 6.1% increase from the prior year [5] - 'Geographic Revenue- Latin America' is forecasted at $1.22 billion, showing a decline of 7.5% year-over-year [6] Operating Income Estimates - 'Operating Income- AMEA- Non-GAAP' is projected at $316.05 million, down from $412 million in the same quarter last year [6] - 'Operating Income- Europe- Non-GAAP' is estimated to be $372.28 million, compared to $641 million in the previous year [7] - 'Operating Income- North America- Non-GAAP' is expected to reach $503.38 million, down from $579 million year-over-year [7] - 'Operating Income- Latin America- Non-GAAP' is forecasted at $129.93 million, a decrease from $178 million in the same quarter last year [8] Stock Performance - Mondelez shares have increased by 1.6% over the past month, contrasting with a decline of 5.1% in the Zacks S&P 500 composite [9] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [9]

Group 1 - The RITZ Brand is launching a limited-edition product called "Sunkissed" Crackers, which features a crispy baked experience with a buttery, salty flavor [2][3] - The introduction of "Sunkissed" Crackers is part of a broader innovation strategy aimed at modernizing the RITZ brand to appeal to today's consumers [2] - To promote the new product, the RITZ Brand is hosting a Golden Summer Giveaway, offering a chance to win $50,000 to help consumers plan their summer vacations [2][3] Group 2 - The giveaway aims to encourage consumers to utilize their vacation days, as 46% of U.S. workers do not take all their paid time off [2][4] - The promotion runs from April 14, 2025, to August 31, 2025, and includes various summer-related prizes [5] - Mondelēz International, the parent company of the RITZ Brand, reported net revenues of approximately $36.4 billion in 2024, highlighting its strong position in the global snacking market [6]

Core Insights - Mondelez International closed out 2024 with solid performance but missed Wall Street expectations, reporting organic revenue growth of 4.3% and a Q4'24 acceleration to over 5% [1] Revenue Performance - The company experienced a revenue miss despite gains fueled by emerging markets [1]

Core Points - The Fight Hunger. Spark Change. campaign by Walmart and Sam's Club aims to provide food and resources to those facing hunger, running from March 1 to March 31 [1] - Since its launch in 2014, the campaign has raised over $206 million and secured 2 billion meals for Feeding America [2] - In 2023, 47.4 million people in the U.S. experienced food insecurity, the highest number in a decade, highlighting the need for increased food assistance [3][4] Company Contributions - Walmart and Sam's Club have partnered with 22 and 7 suppliers respectively to support the campaign, including major brands like Coca-Cola, General Mills, and Unilever [5][6] - For every purchase of participating products, suppliers will donate at least $0.10 for Walmart and $0.50 for Sam's Club to Feeding America partner food banks [6] Community Impact - The North Texas Food Bank serves 664,000 individuals facing hunger, with nearly 40% being children, emphasizing the importance of corporate partnerships in addressing food insecurity [3] - The North Texas Food Bank delivers over 100 million nutritious meals annually and focuses on nutrition education and innovative solutions to eliminate hunger [7][8] Organizational Background - Feeding America is a nationwide network committed to ending hunger, advocating for legislation to improve food security, and addressing factors impacting food access [9] - Walmart, with a fiscal year 2024 revenue of $648 billion, operates over 10,500 stores globally and emphasizes sustainability and corporate philanthropy [10] - Sam's Club, a division of Walmart with $86 billion in revenue, offers a modern retail experience with a focus on quality fresh food and innovative shopping options [11]

Core Insights - The Fight Hunger. Spark Change. campaign by Walmart and Sam's Club aims to provide food and resources to those facing hunger, running from March 1 to March 31 [1] - Since its launch in 2014, the campaign has raised over $206 million and secured 2 billion meals for the Feeding America network [2] - In 2023, 47.4 million people in the U.S. experienced food insecurity, the highest number in a decade, highlighting the urgent need for food assistance [3][4] Company Contributions - Walmart and Sam's Club have partnered with various suppliers to support the campaign, with participating suppliers donating the equivalent of at least one meal for every purchase of a participating product [5][6] - Walmart's fiscal year 2024 revenue reached $648 billion, and the company employs approximately 2.1 million associates globally [10] - Sam's Club, a division of Walmart, generated $86 billion in revenue and operates 600 clubs across the U.S. and Puerto Rico [11] Community Impact - The North Texas Food Bank serves 664,000 individuals facing hunger, with nearly 40% being children, emphasizing the critical role of corporate partnerships in addressing food insecurity [3] - The North Texas Food Bank delivers over 100 million nutritious meals annually and focuses on nutrition education and innovative solutions to eliminate hunger [7] - Feeding America, the largest hunger relief network in the U.S., advocates for policies to improve food security and partners with various stakeholders to address the root causes of hunger [9]

Core Insights - The annual Fight Hunger. Spark Change. campaign has successfully secured over 2 billion meals for individuals facing hunger in local communities since its inception in 2014 [1][4] - Walmart and Sam's Club have contributed approximately $271 million in donations over 20 years, with more than $177 million from the company and the Walmart Foundation, and nearly $95 million from customers and members [2] - The campaign runs from March 1-31, 2025, and allows customers to support local food banks through various donation methods [3][8] Company Contributions - Walmart and Sam's Club have donated over 9 billion pounds of food to the Feeding America network since 2006, significantly enhancing food distribution efforts [2] - The Walmart Foundation has provided multi-year investments and disaster relief support, including a $1 million donation for Hurricane Katrina relief in 2005 [5][6] - Retail agency capacity grants totaling $15.75 million have been funded by Walmart and the Walmart Foundation, benefiting over 20 food banks and hundreds of partner agencies [7] Campaign Mechanics - Donations made during the campaign are directed to local Feeding America partner food banks, ensuring that contributions remain within the community [4] - Participating suppliers for the campaign include major brands such as The Coca-Cola Company, General Mills, and Kraft Heinz, among others [11][12] - Customers can donate at checkout in stores or online, with specific monetary equivalents for meals donated based on purchases [8][12]

Core Insights - Mondelēz International is showcasing its growth, portfolio transformation, and commitment to long-term value creation at the 2025 CAGNY Conference [1] - The company reported 4.3% organic net revenue growth and 5.1% adjusted gross profit dollar growth in 2024, despite challenges from record cocoa input cost inflation [2] - The cakes and pastries business, valued at $2 billion, is positioned for accelerated growth and currently holds a 3 global market share [2] Strategic Focus - The company emphasizes a proven playbook that includes acquiring the right opportunities, executing strong integration plans, and enhancing growth through expanded distribution and marketing [3] - The presentation at CAGNY will cover four key areas of the company's strategy [3] Financial Performance - In 2024, Mondelēz International achieved net revenues of approximately $36.4 billion, leading the future of snacking with iconic brands [4] - The company aims to generate 90% of its revenue from chocolate, biscuits, and baked snacks while navigating record cocoa input costs [7] Market Opportunities - There is a unique opportunity for growth in the fast-growing $97 billion cakes and pastries category [6][7] - The company is focused on unlocking value through cash generation, disciplined capital allocation, and growth-accretive M&A [7]

Core Points - Mondelēz International, Inc. declared a quarterly dividend of $0.47 per share of Class A common stock, payable on April 14, 2025, to shareholders of record as of March 31, 2025 [1] - The company reported net revenues of approximately $36.4 billion for the year 2024, indicating strong financial performance [2] - Mondelēz International operates in over 150 countries and is known for its iconic brands such as Oreo, Ritz, and Cadbury Dairy Milk [2] Company Overview - Mondelēz International is a leading player in the snacking industry, focusing on empowering consumers to snack right [2] - The company is a member of prominent indices including the Standard and Poor's 500, Nasdaq 100, and Dow Jones Sustainability Index [2]