Press release
Mondelēz International Reports Q2 2020 Results
Net revenues decreased 2.5% primarily driven by unfavorable currency impacts, with Organic Net Revenue1 growth of 0.7% and incremental net revenues from
About this update from Mondelez International, Inc.
[{"type":"text","content":"Net revenues decreased 2.5% primarily driven by unfavorable currency impacts, with Organic Net Revenue1 growth of 0.7% and incremental net revenues from acquisitionsDiluted 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 CHICAGO, Ill., July 28, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its second quarter 2020 results.\n \"We remain focused on the safety and well-being of our colleagues and communities at this time, while continuing to serve our customers in the exceptional circumstances caused by COVID-19. I am proud of how our teams have demonstrated their commitment to our customers and consumers by safely and efficiently maintaining business continuity. I am pleased with our second quarter performance given the challenging environment, with top-line performance driven by Developed Markets and strong share gains in all key markets. Our Emerging Markets performance improved throughout the quarter as store closures eased and consumers in many markets were increasingly able to access our products. While we expect continued volatility and uncertainty from COVID-19, I am confident that our strategy, investments, category fundamentals and execution will enable us to successfully navigate this crisis and emerge stronger,\" said Dirk Van de Put, Chairman and Chief Executive Officer. Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q2 2020 % Chgvs PY Q2 2020 Vol/Mix PricingQuarter 2 Latin America$511 (30.7)% (11.3)% (18.8)pp 7.5ppAsia, Middle East & Africa1,237 (8.5) (3.1) (4.6) 1.5 Europe2,138 (4.9) (1.2) (0.4) (0.8)North America2,025 17.3 11.0 7.4 3.6 Mondelēz International$5,911 (2.5)% 0.7% (1.3)pp 2.0pp Emerging Markets$1,917 (15.6)% (5.1)% (7.8)pp 2.7ppDeveloped Markets$3,994 5.4% 4.1% 2.5pp 1.6pp Year-to-Date Latin America$1,237 (19.5)% (1.8)% (10.0)pp 8.2ppAsia, Middle East & Africa2,739 (5.3) (0.3) (1.7) 1.4 Europe4,722 (1.6) 1.8 2.0 ...