Financial Performance - Net revenues decreased by 1.9% in Q2 2024, while Organic Net Revenue grew by 2.5% with an underlying Volume/Mix decline of 2.2%[2] - Diluted EPS was $0.45, down 34.8%, while Adjusted EPS was $0.86, up 25.0% on a constant currency basis[2][8] - Gross profit decreased by $557 million, with a gross profit margin of 33.5%, down 590 basis points year-over-year[6] - Operating income decreased by $571 million, resulting in an operating income margin of 10.2%, down 660 basis points[7] - Net earnings attributable to Mondelēz International were $601 million in Q2 2024, a decline of 36.3% compared to $944 million in Q2 2023[22] - Basic earnings per share decreased to $0.45 in Q2 2024 from $0.69 in Q2 2023[22] - Net earnings for the six months ended June 30, 2024, were $2,019 million, a decrease from $3,030 million in the same period of 2023, representing a decline of approximately 33.4%[26] - The company reported a loss on equity method investment transactions of $665 million, impacting net earnings significantly[81] Cash Flow and Capital Expenditures - Year-to-date cash provided by operating activities was $2.1 billion, an increase of $0.2 billion compared to the prior year; Free Cash Flow remained flat at $1.5 billion[2] - The company returned $2.2 billion to shareholders in the first half of 2024, with an announced 11% increase in quarterly dividend to $0.470 per share[9] - Free Cash Flow, defined as net cash provided by operating activities less capital expenditures, is a primary measure used by the company to monitor cash flow performance[31] - The company reported a net cash used in financing activities of $1,604 million for the six months ended June 30, 2024, compared to $3,539 million in the same period of 2023, a reduction of 54.7%[26] - Capital expenditures rose to $666 million in the first half of 2024, up from $495 million in the same period of 2023, indicating a 34.5% increase[26] Revenue and Market Performance - Net revenues for Q2 2024 were $8,343 million, a decrease of 1.9% compared to $8,507 million in Q2 2023[22] - The total reported (GAAP) net revenues for the three months ended June 30, 2024, were $8,343 million, with organic (non-GAAP) revenues of $8,559 million[72] - The company reported a 2.5% change in organic (non-GAAP) revenues for the three months ended June 30, 2024, compared to the same period in the previous year[72] - For the six months ended June 30, 2024, reported net revenues were $17,633 million, a slight increase of 0.2% from $17,673 million in the same period of 2023[73] - The company experienced a $164 million decrease in reported revenues due to divestitures and currency fluctuations[73] Cost and Margin Analysis - Adjusted Gross Profit margin increased by 330 basis points to 40.5% due to higher pricing and lower manufacturing costs[6] - Adjusted Operating Income margin increased by 270 basis points to 17.9%, driven by higher net pricing and lower manufacturing costs[7] - Gross profit margin decreased to 33.5% in Q2 2024 from 39.4% in Q2 2023, reflecting increased cost pressures[22] - The adjusted (Non-GAAP) operating income for the three months ended June 30, 2024, was $1,492 million, representing a margin of 17.9%[75] - The year-over-year change in reported (GAAP) gross profit was an increase of 11.0%, while adjusted (Non-GAAP) gross profit increased by 9.2%[77] Strategic Initiatives and Acquisitions - The company completed the sale of its developed market gum business on October 1, 2023, receiving cash proceeds of $1.4 billion and recording a pre-tax gain of $108 million[36] - The company acquired 100% of Grupo Bimbo's confectionery business, Ricolino, for $9 million in integration costs in Q2 2024 and $10 million in Q2 2023[39] - The acquisition of Clif Bar incurred integration costs of $16 million in Q2 2024 and $16 million in Q2 2023, with total costs of $36 million for the first half of 2024 and $55 million for the first half of 2023[40] - The acquisition of Chipita resulted in integration costs of $1 million in Q2 2024 and $4 million in Q2 2023[41] Currency and Tax Impacts - The company recorded net unrealized losses of $573 million from commodity and currency derivatives in Q2 2024, compared to gains of $168 million in Q2 2023[46] - The company recorded a net tax expense of $25 million in Q2 2024 due to enacted tax law changes, compared to $2 million in Q2 2023[55] - The effective tax rate for the three months ended June 30, 2024, was 34.7%[79] - The company reported unfavorable currency-related items of $216 million (2.6pp) for the three months ended June 30, 2024, primarily due to unfavorable currency translation rate changes of $544 million (6.5pp) and partially offset by an adjustment for extreme pricing of $328 million (3.9pp)[67] Future Outlook - For 2024, the company expects Organic Net Revenue growth at the upper end of 3% to 5% and high single-digit Adjusted EPS growth on a constant currency basis[10] - The company's outlook for 2024 includes projected Organic Net Revenue growth and Adjusted EPS growth on a constant currency basis, but it cannot reconcile these projections to reported figures due to unpredictability in currency exchange rates and potential acquisitions or divestitures[70] - Future outlook remains cautious with ongoing market challenges, but the company is focused on strategic growth initiatives and cost management[86]

Wall Street analysts forecast that Mondelez (MDLZ) will report quarterly earnings of $0.78 per share in its upcoming release, pointing to a year-over-year increase of 2.6%. It is anticipated that revenues will amount to $8.39 billion, exhibiting a decline of 1.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...

Mondelez International, Inc. (MDLZ) is likely to register a top-line decrease when it reports second-quarter 2024 earnings on Jul 30. The Zacks Consensus Estimate for revenues is pegged at $8.39 million, which indicates a 1.3% decline from the year-ago period.However, the bottom line is likely to increase year over year. The consensus mark for earnings has dipped by a penny in the past 30 days to 78 cents per share, though it indicates 2.6% growth from the year-ago quarter’s earnings of 14 cents. MDLZ has a ...

"Calling All Outdoors Experts" back-to-school sweepstakes will also give families a chance to win an REI gift card or a year's supply of Zbar snacks (details below)EMERYVILLE, Calif., July 22, 2024 /PRNewswire/ -- CLIF BAR's energy snack bar brand for active kids, Zbar, today announced a significant $1M partnership with nonprofit KABOOM! to help communities nationwide build nature-based play spaces for kids, focusing on areas that are lacking access to green space or opportunities for outdoor recreation. Zb ...

CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) will release its second quarter 2024 financial results on Tuesday, July 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling (800) 245-3047 from the United States and (203) 518-9765 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be ...

CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) will release its second quarter 2024 financial results on Tuesday, July 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling (800) 245-3047 from the United States and (203) 518-9765 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be ...

 Limited-Edition Snapple Fruit Flavor Mix Hitting Shelves This SummerEAST HANOVER, N.J., July 9, 2024 /PRNewswire/ -- The SOUR PATCH KIDS brand is igniting taste buds this summer with an exciting partnership with Snapple®, the iconic beverage brand that delivers fun and flavorful teas and juice drinks. Together, the brands are introducing one of the boldest flavor mash ups yet, SOUR PATCH KIDS Snapple fruit-flavored mix candy. The limited-time offering is arriving in stores nationwide now in three tantalizi ...

jetcityimage Investment Thesis Mondelez International, Inc. (NASDAQ:MDLZ) has good growth prospects ahead. The company's revenue growth in the coming quarters should benefit from pack size changes which the company is doing to sustain demand in an inflationary environment by ensuring the affordability of entry-level packs. In addition, the non-recurrence of one-time volume headwinds that the company faced in Q1 2024 should also benefit revenues. In the medium to long term, an increase in distribution both i ...

jetcityimage Mondelez International Inc. (NASDAQ:MDLZ) is an American multinational confectionery, snack food, and beverage company. Founded in 2012, but with certain roots dating back to 1923, Mondelez is now an $88 billion (by market cap) confectionary and snack giant that employs approximately 90,000 people. The company reports results across four geographic segments: Europe, 35% of FY 2023 revenue; America, 31%; Asia, Middle East & Africa, 20%; and Latin America, 14%. Developed markets account for 6 ...

In this article@CC.1JJSFMDLZHSYDried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty ImagesThere's pricing pressure taking hold of a specific corner of global agriculture — and it's bittersweet.Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate.In recent years, the pr ...