Mondelez (MDLZ) Misses Q4 EPS by 2c

Mondelez (NASDAQ: MDLZ) reported Q4 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $7.66 million versus the consensus estimate of $7.6 million.

2022 Outlook:

Mondelēz International provides its outlook 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.

For 2022, the company expects performance in line with its long-term growth algorithm of 3+ percent Organic Net Revenue growth, high single-digit Adjusted EPS growth on a constant currency basis and Free Cash Flow of $3+ billion. The company estimates currency translation would decrease 2022 net revenue growth by approximately 2.5 percent3 with a negative $0.08 impact to Adjusted EPS3.

Outlook is provided in the context of greater than usual volatility as a result of COVID-19.

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

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