Mondelez (MDLZ) Tops Q1 EPS by 8c

Mondelez (NASDAQ: MDLZ) reported Q1 EPS of $0.77, $0.08 better than the analyst estimate of $0.69. Revenue for the quarter came in at $7.24 million versus the consensus estimate of $7.02 million.

"Our first quarter results demonstrate that we are emerging from the COVID-19 pandemic stronger, as we continue to build upon our track record of robust growth, profitability and cash generation," said Dirk Van de Put, Chairman and Chief Executive Officer. "We saw continued improvement across emerging markets, healthy demand in developed markets and another quarter of strong share performance. We remain squarely focused on accelerating growth by further strengthening our core brand and expanding our presence in high-growth channels, categories and adjacencies. Our strategy is working, and our business is better positioned than ever before.”

GUIDANCE:

• Sees Organic Net Revenue Growth of 3%+;
• Adjusted EPS Growth (at cst FX) High single-digit
• Free Cash Flow $3B+

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

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