Press release
Mondelēz International Reports Q3 2021 Results
Third Quarter Highlights Net revenues increased +7.8% driven by Organic Net Revenue1 growth of +5.5%, favorable currency and acquisitionsDiluted EPS was
About this update from Mondelez International, Inc.
[{"type":"text","content":"Third Quarter Highlights Net revenues increased +7.8% driven by Organic Net Revenue1 growth of +5.5%, favorable currency and acquisitionsDiluted EPS was $0.89, up 14.1%; Adjusted EPS1 was $0.71, up +9.4% on a constant-currency basisYear-to-date cash provided by operating activities was $2.7 billion, an increase of +$0.4 billion versus prior year; year-to-date Free Cash Flow1 was $2.1 billion, an increase of +$0.4 billionReturned $3.2 billion of capital to shareholders year-to-dateRaising full-year 2021 Organic Net Revenue growth outlook to approximately 4.5%, reaffirming Adjusted EPS and Free Cash Flow outlookAnnounced target of net zero greenhouse gas emissions by 2050 CHICAGO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its third quarter 2021 results. \"We delivered strong revenue and earnings growth in the third quarter with broad strength across both developed and emerging markets. Demand for our categories and brands remains vibrant and volume growth is solid as we implement pricing to reflect higher inflation,\" said Dirk Van de Put, Chairman and Chief Executive Officer. \"We expect elevated inflation and logistics volatility to persist, but remain confident in our plans to deliver on our financial algorithm, supported by compounding brand investments, pricing as necessary, distribution expansion and our robust ESG agenda, including our recently announced target of net zero emissions by 2050.\" Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q3 2021 % Chgvs PY Q3 2021 Vol/Mix PricingQuarter 3 Latin America$751 23.1% 25.9% 10.8 pp 15.1 ppAsia, Middle East & Africa1,629 10.8% 5.7% 3.9 pp 1.8 Europe2,714 7.4% 4.6% 3.1 pp 1.5 North America2,088 1.4% 0.3% (2.1)pp 2.4 Mondelēz International$7,182 7.8 % 5.5 % 2.4 pp 3.1 pp Emerging Markets$2,584 12.9% 12.2% 6.1 pp 6.1 ppDeveloped Markets$4,598 5.1% 2.0% 0.5 pp 1.5 pp September Year-to-DateYTD 2021 YTD 2021 Latin America$2,089 13.1% 20.7% 7.6 pp 13.1 ppAsia, Middle East & Africa4,826 14.7% 7.9% 5.7 pp 2.2 Europe8,035 10.9% 4.4% 3.2 pp 1.2 North America6,112 2.2% (0.7)% (1.8)pp 1.1 Mondelēz International$21,062 9.2 % 5.1 % 2.6 pp 2.5 pp Emerging Markets$7,440 12.3% 12.6% 6.9 pp 5.7 ppDeveloped Markets$13,622 7.6% 1.2% 0.3 pp 0.9 pp Operating Income and Diluted EPS $ in millions, except per share dataReported ...