Mondelez (MDLZ) slides despite topping Q4 earnings estimates
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Mondelēz International Reports Q4 and FY 2023 Results
January 30, 2024 4:05 PM ESTFull Year Highlights
Net revenues for the full year increased +14.4% driven by Organic Net Revenue1 growth of +14.7% with underlying Volume/Mix of +1.3%. For the fourth quarter, Net revenues increased +7.1% driven by Organic Net Revenue1 growth of +9.8% with underlying Volume/Mix of -0.4%Diluted EPS was $3.62, up +84.7%; Adjusted EPS1 was $3.19, up +19.0% on a constant currency basisYear-to-date cash provided by operating activities was $4.7 billion; Free Cash Flow1 was $3.6 billion, up +$0.6 billion vs prior yearReturn of capital to shareholders was $3.7 billion; increased dividend per share by 10%Closed the divestiture of our... More