Mondelez (MDLZ) Tops Q3 EPS by 5c
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Mondelēz International Reports Q3 2022 Results
November 1, 2022 4:06 PM EDTThird Quarter Highlights
Net revenues increased +8.1% driven by Organic Net Revenue1 growth of +12.1% with underlying Volume/Mix of +0.7%Diluted EPS was $0.39, down 56.2%; Adjusted EPS1 was $0.74, up +15.7% on a constant currency basisYear-to-date cash provided by operating activities was $2.5 billion, a decrease of $0.2 billion versus prior year; Free Cash Flow1 was $1.9 billion, down $0.2 billion versus prior yearReturn of capital to shareholders was $3.3 billion year-to-dateRaising both Organic Net Revenue growth outlook to 10%+ and Adjusted EPS growth outlook to 10%+Closed Clif Bar acquisition, helping to create... More