Strong Financial Performance in 2024
Mondelez delivered organic net revenue growth of 4.3%, adjusted gross profit dollar growth of 5.1%, and adjusted EPS growth of 13%. The company also generated $3.5 billion in free cash flow and returned $4.7 billion to shareholders.
Robust Brand Performance
Mondelez's iconic brands, such as Oreo and Cadbury Dairy Milk, executed successful campaigns and maintained strong consumer loyalty. The company's e-commerce business grew double digits, and its next tier markets grew approximately 35% in 2024.
Sustainability Progress
Mondelez achieved significant sustainability milestones, sourcing 90% of cocoa through its Cocoa Life program, reducing carbon emissions by about 38% from 2018 levels, and making 96% of its packaging recyclable.
Positive Market Share Developments
The company held or gained share in 50% of its revenue base. Cadbury Dairy Milk and Milka achieved outstanding growth, contributing to strong market share improvements.