Press release
Mondelēz International Reports Q3 2020 Results
Net revenues increased 4.9% primarily driven by strong Organic Net Revenue1 growth of 4.4%Year-to-date diluted EPS was $1.66, down 24.2%, lapping a prior-year
About this update from Mondelez International, Inc.
[{"type":"text","content":"Net revenues increased 4.9% primarily driven by strong Organic Net Revenue1 growth of 4.4%Year-to-date diluted EPS was $1.66, down 24.2%, lapping a prior-year benefit from Swiss tax reform; Year-to-date Adjusted EPS1 was $1.92, up 5.9% on a constant-currency basisDiluted EPS in the quarter was $0.78, down 20.4%, lapping a prior-year benefit from Swiss tax reform; Adjusted EPS in the quarter was $0.63, flat on a constant-currency basisYear-to-date cash provided by operating activities was $2.3 billion, up $0.4 billion versus prior year; Free Cash Flow1 was $1.7 billion, an increase of $0.5 billion versus prior yearReturned $0.4 billion of capital to shareholders in the quarter through dividends CHICAGO, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its third quarter 2020 results.\n \"Our third quarter performance was strong across all key metrics, with broad-based revenue growth as demand remained elevated in Developed Markets and sequentially improved in Emerging Markets. Our teams are executing well and we continue to deliver share gains by meeting the needs of customers and consumers, despite the uncertainties caused by COVID-19. Our strategy remains unchanged and we are accelerating certain initiatives and increasing the investment behind our brands to further support long-term sustainable growth,\" said Dirk Van de Put, Chairman and Chief Executive Officer. Net Revenue $ in millionsReported Net Revenues Organic Net Revenue Growth Q3 2020 % Chg vs PY Q3 2020 Vol/Mix PricingQuarter 3 Latin America$610 (17.1) % 3.1 % (5.1) pp 8.2 ppAsia, Middle East & Africa1,470 3.6 4.2 1.8 2.4 Europe2,526 6.3 3.4 3.6 (0.2) North America2,059 12.9 6.3 4.2 2.1 Mondelēz International$6,665 4.9 % 4.4 % 2.4 pp 2.0 pp Emerging Markets$2,289 (3.1) % 5.3 % 1.4 pp 3.9 ppDeveloped Markets$4,376 9.6 % 3.8 % 2.8 pp 1.0 pp Year-to-Date Latin America$1,847 (18.7) % (0.2) % (8.3) pp 8.1 ppAsia, Middle East & Africa4,209 (2.4) 1.2 (0.5) 1.7 Europe7,248 1.0 2.3 2.5 (0.2) North America5,979 15.1 10.1 7.8 2.3 Mondelēz International$19,283 1.7 % 3.9 % 2.0 pp 1.9 pp Emerging Markets$6,623 (7.2) % 1.7 % (1.9) pp 3.6 ppDeveloped Markets$12,660 7.1 % 5.2 % 4.2 pp 1.0 pp Operating Income and Diluted EPS $ in millions, except per share dataReported Adjusted Q3 2020 vs PY (Rpt Fx) Q3 2020 vs PY (Rpt Fx) vs PY (Cst Fx)Quart...