Mondelez (MDLZ) Tops Q1 EPS by 10c
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Mondelēz International Reports Q1 2022 Results
April 26, 2022 4:05 PM EDTFirst Quarter Highlights
Net revenues increased +7.3% driven by Organic Net Revenue1 growth of +8.6%Diluted EPS was $0.61, down -10.3%; Adjusted EPS1 was $0.84, up +13.9% on a constant-currency basisCash provided by operating activities was $1.1 billion, an increase of +$0.2 billion versus prior year; Free Cash Flow1 was $1.0 billion, +$0.3 billionReturn of capital to shareholders was $1.2 billionAnnounced agreement to acquire Ricolino, Mexico's leading confectionery company with iconic brands and strong distribution capabilities, doubling the size of our Mexico businessAppointed Mariano Lozano to the role of EVP and President, Latin AmericaCHICAGO,... More
