NASDAQ$MDLZ
Mondelez International Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Mondelez International reported robust Q3 2024 results, with accelerated top-line growth, strong earnings, and attractive cash flow generation.
Mondelez International reported a 1.9% increase in net revenues, driven by a 5.4% growth in Organic Net Revenue. Adjusted EPS on a constant currency basis increased by 28.6% to $0.99. The company reaffirmed its Organic Net Revenue growth outlook to be at the upper end of 3 to 5 percent and high single-digit Adjusted EPS growth on a constant currency basis for 2024.
- Net revenues increased +1.9%, with Organic Net Revenue growing +5.4%.
- Diluted EPS declined -12.5% to $0.63, while Adjusted EPS on a constant currency basis was up +28.6% to $0.99.
- YTD cash from operating activities reached $3.5 billion, and YTD Free Cash Flow was $2.5 billion.
- Agreed to acquire a majority stake in Evirth.
Headline financials
Revenue & EPS history
Mondelez · Revenue · Quarterly
$9.2B
Forward guidance
Mondelēz International reaffirms Organic Net Revenue growth to be at the upper end of 3 to 5 percent and high single-digit Adjusted EPS growth on a constant currency basis based on 2023 Adjusted EPS incl. developed market gum. The company expects 2024 Free Cash Flow of $3.5+ billion. The company estimates currency translation would decrease 2024 net revenue growth by approximately 1.5 percent with a negative $0.11 impact to Adjusted EPS.
Tailwinds
- Reaffirms Organic Net Revenue growth to be at the upper end of 3 to 5 percent.
- High single-digit Adjusted EPS growth on a constant currency basis.
- Expects 2024 Free Cash Flow of $3.5+ billion.
- Focus on reinvesting behind brands.
- Driving distribution and expanding capabilities.
Headwinds
- Currency translation would decrease 2024 net revenue growth by approximately 1.5 percent.
- Negative $0.11 impact to Adjusted EPS due to currency translation.
- Outlook is provided in the context of greater than usual volatility.
- Geopolitical uncertainty.
- Commodity prices volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.6%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
55%
41 / 74 earnings
Positive
+8.0%
Q3 2014
Best reaction
-9.4%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +4.9% | +4.5% | |
| Q4 2025 | +5.1% | +2.1% | -1.8% | |
| Q3 2025 | -4.0% | -5.9% | -4.4% | |
| Q2 2025 | -6.6% | -8.9% | -11.9% | |
| Q1 2025 | +3.8% | +3.3% | +2.8% | |
| Q4 2024 | +2.3% | +4.3% | +20.7% | |
| Q3 2024 | +0.4% | -1.5% | -6.4% | |
| Q2 2024 | +1.9% | +5.3% | +5.4% | |
| Q1 2024 | -1.6% | -2.7% | -5.5% | |
| Q4 2023 | -0.6% | +1.5% | -3.5% | |
| Q3 2023 | +2.7% | +3.1% | +7.0% | |
| Q2 2023 | +1.9% | +0.9% | -2.9% | |
| Q1 2023 | +6.1% | +7.3% | +3.9% | |
| Q4 2022 | +2.9% | +1.7% | +0.8% | |
| Q3 2022 | +1.8% | +2.8% | +10.8% | |
| Q2 2022 | +1.4% | +2.0% | +2.7% | |
| Q1 2022 | -2.6% | -2.0% | -5.0% | |
| Q4 2021 | -0.3% | +0.1% | +0.2% | |
| Q3 2021 | +2.3% | +2.2% | -2.4% | |
| Q2 2021 | -2.2% | -2.4% | -5.2% | |
| Q1 2021 | +3.6% | +3.5% | +7.7% | |
| Q4 2020 | -1.7% | -0.5% | -5.8% | |
| Q3 2020 | +2.4% | +5.1% | +9.5% | |
| Q2 2020 | +2.2% | -0.2% | +4.6% | |
| Q1 2020 | -0.8% | -1.5% | -0.1% | |
| Q4 2019 | +7.2% | +4.9% | -3.7% | |
| Q3 2019 | -0.7% | -0.7% | +0.6% | |
| Q2 2019 | -2.5% | -2.0% | +0.8% | |
| Q1 2019 | +2.2% | +2.4% | +1.4% | |
| Q4 2018 | +6.5% | +6.2% | +8.7% | |
| Q3 2018 | +5.0% | +4.7% | +10.7% | |
| Q2 2018 | +4.2% | +3.6% | +2.1% | |
| Q1 2018 | -4.1% | -1.5% | -0.6% | |
| Q4 2017 | +3.5% | -0.9% | +0.2% | |
| Q3 2017 | +1.8% | +0.7% | +5.6% | |
| Q2 2017 | -0.5% | +0.8% | -6.3% | |
| Q1 2017 | +2.2% | +1.7% | +6.6% | |
| Q4 2016 | +1.0% | +2.2% | -0.5% | |
| Q3 2016 | +2.7% | +5.1% | +1.2% | |
| Q2 2016 | -2.4% | -3.9% | -4.8% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | -9.4% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +4.3% | — | — | |
| Q4 2014 | +3.3% | — | — | |
| Q3 2014 | +8.0% | — | — | |
| Q2 2014 | -2.5% | — | — | |
| Q1 2014 | +7.3% | — | — | |
| Q4 2013 | +2.2% | — | — | |
| Q3 2013 | -4.0% | — | — | |
| Q2 2013 | +2.6% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | -4.0% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | +2.8% | — | — | |
| Q1 2012 | -1.1% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2010 | -2.1% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2009 | +4.5% | — | — | |
| Q1 2010 | -0.6% | — | — | |
| Q4 2009 | -2.2% | — | — | |
| Q3 2008 | -3.5% | — | — | |
| Q3 2009 | -3.5% | — | — | |
| Q4 2007 | -3.5% | — | — | |
| Q4 2006 | -3.5% | — | — | |
| Q2 2009 | +0.1% | — | — | |
| Q2 2008 | +0.1% | — | — | |
| Q4 2008 | +0.1% | — | — |
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