Mondelez (MDLZ) Tops Q2 EPS by 7c, Revs a Little Light; Not Providing Guidance
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Mondelēz International Reports Q2 2020 Results
July 28, 2020 4:06 PM EDTNet revenues decreased 2.5% primarily driven by unfavorable currency impacts, with Organic Net Revenue1 growth of 0.7% and incremental net revenues from acquisitions
Diluted EPS was $0.38, down 30.9% primarily as a result of costs associated with the JDE Peet's initial public offering; Adjusted EPS1 was $0.63, up 16.1% on a constant-currency basisYear-to-date cash provided by operating activities was $1.6 billion, up $0.5 billion versus prior year; Free Cash Flow1 was $1.1 billion, an increase of $0.5 billion versus prior yearReturned $410 million of capital to shareholders in the quarter through dividendsAnnouncing 11% increase to quarterly dividend... More
