Mondelez (MDLZ) Tops Q2 EPS by 2c

Mondelez (NASDAQ: MDLZ) reported Q2 EPS of $0.56, $0.02 better than the analyst estimate of $0.54. Revenue for the quarter came in at $6.11 billion versus the consensus estimate of $6.12 billion.

2018 Outlook

Mondelēz International provides guidance on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details.

The company raised its full year 2018 outlook for Organic Net Revenue growth to the high end of the previous range of 1 to 2 percent. The company maintained its outlook for Adjusted Operating Income margin of approximately 17 percent and double-digit Adjusted EPS growth on a constant-currency basis. The company estimates currency translation would decrease net revenue growth by approximately 1 percent3 with no impact to Adjusted EPS3. In addition, the company continues to expect Free Cash Flow1 of approximately $2.8 billion.

For earnings history and earnings-related data on Mondelez (MDLZ) click here.

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