Press release
Mondelēz International Reports Q2 2022 Results
Second Quarter Highlights Net revenues increased +9.5% driven by Organic Net Revenue1 growth of +13.1% with underlying Volume/Mix of +5.1%Diluted EPS was
About this update from Mondelez International, Inc.
[{"type":"text","content":"Second Quarter Highlights Net revenues increased +9.5% driven by Organic Net Revenue1 growth of +13.1% with underlying Volume/Mix of +5.1%Diluted EPS was $0.54, down 28.9%; Adjusted EPS1 was $0.67, up +9.1% on a constant-currency basisYear-to-date cash provided by operating activities was $2.0 billion, an increase of +$0.2 billion versus prior year; Free Cash Flow1 was $1.6 billion, +$0.2 billionReturn of capital to shareholders was $2.5 billion in the first half of the yearAnnounced agreement to acquire Clif Bar, a leader in high growth, well-being snack bars, creating a $1+ billion global snack bar businessAnnouncing +10% increase to quarterly dividendRaising Organic Net Revenue growth outlook for full year to 8%+ CHICAGO, July 26, 2022 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its second quarter 2022 results. \"Our second quarter and first half results were marked by strong top and bottom-line performance across all regions and categories, supporting the raising of our full-year revenue growth outlook,\" said Dirk Van de Put, Chairman and Chief Executive Officer. \"Our chocolate and biscuit businesses continue to demonstrate strong volume growth and pricing resilience across both developed and emerging markets. These results combined with ongoing cost discipline, simplification and revenue growth management are delivering robust profit dollar growth and strong cash flow, enabling us to increase our dividend by 10 percent. We also continue to execute against our strategy of accelerating our core business while reshaping our portfolio, most recently with our agreement to acquire Clif Bar, a leader in high growth, well-being snack bars, creating a $1 billion-plus snack bar business. Clif Bar has the leading position in the U.S. protein and nutrition segments with clear opportunities to expand domestic and international distribution, velocities and profitability to create significant value for our shareholders in the years to come.” Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q2 2022 % Chgvs PY Q2 2022 Vol/Mix PricingQuarter 2 Latin America$876 30.9% 33.0% 12.4 pp 20.6 ppAsia, Middle East & Africa 1,535 5.7 13.2 8.7 pp 4.5 Europe 2,626 6.1 10.8 5.9 pp 4.9 North America 2,237 9.3 9.2 (1.0)pp 10.2 Mondelēz International$7,274 9.5% 13.1% 5.1 pp 8.0 pp Emerging Markets...