Mondelez (MDLZ) Tops Q3 EPS by 3c
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Mondelēz International Reports Q3 2023 Results
November 1, 2023 4:05 PM EDTThird Quarter Highlights
Net revenues increased +16.3% driven by Organic Net Revenue1 growth of +15.7% with strong +3.8pp Volume/Mix performance, Volume/Mix positive across all regionsDiluted EPS was $0.72, up +84.6%; Adjusted EPS1 was $0.82, up +16.7% on a constant currency basisYear-to-date cash provided by operating activities was $3.2 billion; Free Cash Flow1 was $2.4 billion, up +$0.5 billion vs prior yearReturn of capital to shareholders was $2.2 billion in the first nine months of the yearClosed the divestiture of our developed market gum business for $1.4 billionRaising Organic Net Revenue outlook to 14% to 15% and Adjusted EPS... More