NASDAQ$MDLZ

Mondelez International Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Mondelez International's Q4 2020 financial performance reflected net revenue growth and earnings per share increase.

Mondelēz International reported a 5.6% increase in net revenues, driven by a 3.2% growth in Organic Net Revenue. Diluted EPS increased by 60.0% to $0.80, and Adjusted EPS increased by 8.2% on a constant-currency basis to $0.67. The company resumed its share repurchase program and returned $1.1 billion to shareholders.

  • Net revenues increased by 5.6% primarily driven by Organic Net Revenue growth of 3.2%.
  • Diluted EPS increased by 60.0% to $0.80.
  • Adjusted EPS increased by 8.2% on a constant-currency basis to $0.67.
  • The company resumed its share repurchase program and returned $1.1 billion to shareholders.

Headline financials

Total Revenue

$7.3B

Previous: $6.91B+5.6%
EPS (adj)

$0.67

Previous: $0.61+9.8%
Organic Revenue Growth

3.2%

Previous: 4.1%-22.0%
Capital Expenditures

$233M

Previous: $239M-2.5%
Free Cash Flow

$3.1B

Previous: $1.84B+68.2%
Net Income

$1.16B

Previous: $726M+59.2%
Operating Income

$1.15B

Previous: $906M+26.8%
Gross Profit

$2.87B

Previous: $2.76B+4.1%
Cash & Equivalents

$3.62B

Previous: $1.33B+172.5%
Total Assets

$67.8B

Previous: $64.5B+5.1%
Stock-Based Comp

$29M

Previous: $34M-14.7%

Revenue & EPS history

Mondelez · Revenue · Quarterly

$7.3B

Q4 2020+5.6%vs Q4 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

For 2021, Mondelēz International expects performance in line with its long-term growth algorithm.

Tailwinds

  • 3+% Organic Net Revenue growth
  • High single-digit percent Adjusted EPS growth on a constant currency basis
  • Free Cash Flow of $3+ billion
  • Currency translation would increase 2021 net revenue growth by approximately 3 percent
  • A positive $0.10 impact to Adjusted EPS

Headwinds

  • Guidance is provided in the context of greater than usual volatility as a result of COVID-19.
  • Cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange.
  • Unable to reconcile its projected Organic Net Revenue growth to its projected reported net revenue growth for the full-year 2021
  • Unable to reconcile its projected Adjusted EPS growth on a constant currency basis to its projected reported diluted EPS growth for the full-year 2021
  • Unable to reconcile its projected Free Cash Flow to its projected net cash from operating activities for the full-year 2021

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro