Mondelez (MDLZ) Tops Q1 EPS by 3c; Withdraws Outlook
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Mondelēz International Reports Q1 2020 Results
April 28, 2020 4:05 PM EDTNet revenues increased 2.6% driven by Organic Net Revenue1 growth of 6.4% partially offset by unfavorable currency impactsDiluted EPS was $0.52, down 17.5% due to unrealized losses in mark-to-market impact from currency and commodities derivatives; Adjusted EPS1 was $0.69, up 10.8% on a constant-currency basisCash provided by operating activities was $284 million; Free Cash Flow1 was $70 millionReturn of capital to shareholders was $1.1 billionLong-term fundamentals and strategy remain intact; full-year 2020 outlook withdrawn due to uncertainty around the impact of COVID-19 on financial and operating results
CHICAGO, Ill., April 28, 2020 (GLOBE NEWSWIRE) -- Mondelz International, Inc. (NASDAQ:... More
