Press release
Mondelēz International Reports Q4 and FY 2024 Results
FY'24 Net Revenues +1.2%, Organic Net Revenues1 +4.3%, Volume/Mix -1.0% FY'24 Diluted EPS declined -5.5% to $3.42FY'24 Adjusted EPS1 on a constant currency
About this update from Mondelez International, Inc.
[{"type":"text","content":"FY'24 Net Revenues +1.2%, Organic Net Revenues1 +4.3%, Volume/Mix -1.0% FY'24 Diluted EPS declined -5.5% to $3.42FY'24 Adjusted EPS1 on a constant currency basis up +13.0% to $3.36 FY'24 Cash provided by operating activities was $4.9 billionFY'24 Free Cash Flow1 was $3.5 billionFY'24 Return of capital to shareholders was $4.7 billion Company provides FY'25 outlook CHICAGO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its fourth quarter and full year 2024 results. “Fiscal 2024 was another strong year of performance for our company. We delivered balanced top-line growth, strong earnings, and robust free cash flow generation, while returning significant capital back to shareholders,\" said Dirk Van de Put, Chair and Chief Executive Officer. \"As we transition into 2025, we remain focused on executing against our long-term growth strategy and delivering on our chocolate business playbook to navigate unprecedented cocoa cost inflation. Our teams are well-equipped to stay agile and take the necessary actions to navigate this challenging operating environment. We believe we are solidly positioned for attractive long-term top- and bottom-line growth.\" Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q4 2024 % Chgvs PY Q4 2024 Vol/Mix PricingQuarter 4 Latin America$1,171 (7.2)% 4.9% (1.5)pp 6.4ppAsia, Middle East & Africa 1,908 9.9 8.6 3.8 4.8 Europe 3,744 5.8 7.4 (2.0) 9.4 North America 2,781 0.1 0.4 1.3 (0.9)Mondelēz International$9,604 3.1% 5.2% 0.1pp 5.1ppEmerging Markets$3,640 1.7% 6.7% 0.2pp 6.5ppDeveloped Markets$5,964 4.0% 4.3% 0.1pp 4.2pp Full YearFY 2024 FY 2024 Latin America$4,926 (1.6)% 4.6% (2.4)pp 7.0ppAsia, Middle East & Africa 7,296 3.1 6.2 0.7 5.5 Europe 13,309 3.5 5.7 (2.1) 7.8 North America 10,910 (1.5) 1.5 — 1.5 Mondelēz International$36,441 1.2% 4.3% (1.0)pp 5.3ppEmerging Markets$14,163 1.1% 6.2% (0.6)pp 6.8ppDeveloped Markets$22,278 1.2% 3.2% (1.1)pp 4.3pp Operating Income and Diluted EPS $ in millions, except per share dataReported Adjusted Q4 2024 vs PY(Rpt Fx) Q4 2024 vs PY(Rpt Fx) vs PY(Cst Fx)Quarter 4 Gross Profit$3,711 6.9% $3,025 (14.4)% (12.5)%Gross Profit Margin 38.6% 1.3pp 31.5% (6.5)pp Operating Income$1,611 35.0% $959 (31.6)% (28.2)%Operating Income Margin 16.8% 4.0pp 10.0% (5.1)pp Net Earnings 2$1,745 83.7% $868 (22.2)% (17.7)%Dil...