The earnings call reflects a strong financial performance with significant revenue and EPS growth, recovery in developed markets, and strategic acquisitions driving growth. However, there are challenges in emerging markets and expected headwinds due to cocoa costs, which present potential risks to future performance.

Company Guidance

During Mondelez International's Q3 2024 earnings call, guidance included expectations of continued robust top-line growth fueled by a 5.4% increase in organic net revenue and a notable 28.6% rise in adjusted EPS for the quarter. The company generated $2.5 billion in free cash flow year-to-date. Additionally, Mondelez anticipates strong future performance in its core chocolate, biscuits, and baked snacks categories, predicting that 90% of revenue will come from these areas by 2030. Despite the challenges posed by high cocoa costs, Mondelez remains optimistic about its long-term growth strategy, driven by strategic pricing, a 11.2% growth in adjusted gross profit dollars, and investments in brand strength, including a notable increase in A&C spending. The company expects to navigate these cost pressures effectively, with plans to continue reinvestment in its brands and strategic cost management to maintain consumer loyalty and market share.

Strong Top Line Growth

Organic net revenue grew 5.4% this quarter with adjusted gross profit dollar growth of 11.2%. Adjusted EPS grew 28.6% this quarter, and the company generated $2.5 billion in free cash flow through the first 9 months of the year.

Recovery in Developed Markets

Developed markets grew mid-single digits, with Europe recovering with 8.1% revenue growth in the third quarter and North America showing volume growth as inflation cools.

Successful Strategic Acquisitions

Mondelez expanded its presence in the fast-growing cakes and pastries category by acquiring a majority stake in Evirth, enhancing growth opportunities in China.

Strong Brand Performance and Market Share Gains

Oreo and Ritz are gaining share year-to-date in the United States, and Mondelez held or gained share in 35% of its revenue base.

---

Mondelez International (MDLZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MDLZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2025	2024 (Q4)	0.68 / -	0.84	―	―	―
Oct 29, 2024	2024 (Q3)	0.85 / 0.99	0.84	17.86% (+0.15)
Jul 30, 2024	2024 (Q2)	0.79 / 0.86	0.76	13.16% (+0.10)
Apr 30, 2024	2024 (Q1)	0.89 / 0.95	0.89	6.74% (+0.06)
Jan 30, 2024	2023 (Q4)	0.78 / 0.84	0.73	15.07% (+0.11)
Nov 01, 2023	2023 (Q3)	0.79 / 0.84	0.74	13.51% (+0.10)
Jul 27, 2023	2023 (Q2)	0.69 / 0.76	0.67	13.43% (+0.09)
Apr 27, 2023	2023 (Q1)	0.81 / 0.89	0.84	5.95% (+0.05)
Jan 31, 2023	2022 (Q4)	0.70 / 0.73	0.72	1.39% (+0.01)
Nov 01, 2022	2022 (Q3)	0.69 / 0.74	0.7	5.71% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

MDLZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$69.15	$69.79	+0.93%
Jul 30, 2024	$66.62	$67.92	+1.95%
Apr 30, 2024	$71.03	$69.79	-1.75%
Jan 30, 2024	$74.92	$73.86	-1.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---