Press release
Mondelēz International Reports Q2 2024 Results
Second Quarter Highlights Net revenues decreased -1.9%; Organic Net Revenue1 grew +2.5% with underlying Volume/Mix of -2.2%Diluted EPS was $0.45, down -34.8%;
About this update from Mondelez International, Inc.
[{"type":"text","content":"Second Quarter Highlights Net revenues decreased -1.9%; Organic Net Revenue1 grew +2.5% with underlying Volume/Mix of -2.2%Diluted EPS was $0.45, down -34.8%; Adjusted EPS1 was $0.86, up +25.0% on a constant currency basisYear-to-date cash provided by operating activities was $2.1 billion, up $0.2 billion versus prior year; Free Cash Flow1 was $1.5 billion, flat versus prior yearReturn of capital to shareholders was $2.2 billion in the first half of the yearAnnouncing +11% increase to quarterly dividendLaunching transformative ERP program to drive enterprise efficiencies CHICAGO, July 30, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its second quarter 2024 results. “We continued to execute against our strategic growth agenda in the second quarter with strong profitability and attractive cash flow generation. Our performance was fueled by our commitment to reinvesting in our brands, capabilities, ongoing price execution and cost discipline,” said Dirk Van de Put, Chair and Chief Executive Officer. “We are well positioned for the second half of the year with the completion of European pricing, the addition of new value offerings in the U.S. and significant distribution runway across key emerging markets. Our teams remain focused on delivering our long-term growth agenda while remaining agile in this dynamic operating environment.” Net Revenue $ in millionsReported Net Revenues Organic Net Revenue Growth Q2 2024 % Chgvs PY Q2 2024 Vol/Mix Pricing Quarter 2 Latin America$1,232 0.3% 4.5% (3.2)pp 7.7ppAsia, Middle East & Africa 1,587 (1.4) 4.2 (1.8) 6.0 Europe 2,874 (1.8) 2.7 (3.1) 5.8 North America 2,650 (3.4) 0.3 (1.2) 1.5 Mondelēz International$8,343 (1.9)% 2.5% (2.2)pp 4.7ppEmerging Markets$3,260 (1.4)% 4.5% (2.2)pp 6.7ppDeveloped Markets$5,083 (2.3)% 1.2% (2.2)pp 3.4pp June Year-to-DateYTD 2024 YTD 2024 Latin America$2,551 4.6% 5.8% (2.2)pp 8.0ppAsia, Middle East & Africa 3,537 (0.3) 5.2 (0.9) 6.1 Europe 6,242 0.1 3.6 (3.3) 6.9 North America 5,303 (2.8) 0.8 (1.6) 2.4 Mondelēz International$17,633 (0.2)% 3.4% (2.1)pp 5.5ppEmerging Markets$6,993 1.3% 6.5% (1.0)pp 7.5ppDeveloped Markets$10,640 (1.2)% 1.3% (3.0)pp 4.3pp Operating Income and Diluted EPS $ in millions, except per share dataReported Adjusted Q2 2024 vs PY(Rpt Fx) Q2 2024 vs PY(Rpt Fx) vs PY(Cst Fx)Quarter 2 Gross Profit$2,797 (16.6...