Summary
Mondelez International reported net revenues of $36.4 billion for fiscal year 2024, marking a modest 1.2% increase over the previous year. The company's strategic focus on "accelerating consumer-centric growth, driving operational excellence, creating a winning growth culture, and scaling sustainable snacking" continues to guide its performance. While overall net revenue saw a slight increase, driven by higher net pricing and recent acquisitions like Evirth, this was partially offset by unfavorable currency impacts and a decline in volume/mix, reflecting some consumer demand softness and customer price negotiation disruptions in Europe. Despite challenges such as increased input costs, particularly for cocoa, Mondelez demonstrated resilience with a 9.1% increase in Adjusted EPS to $3.36, signaling effective cost management and pricing strategies. The company is actively managing macroeconomic uncertainties, including inflation and geopolitical risks, and continues to invest in its brand portfolio and operational efficiencies. The strategic acquisitions and ongoing portfolio optimization are key components of its long-term value creation strategy.
Financial Highlights
55 data points| Revenue | $36.44B |
| Cost of Revenue | $22.18B |
| Gross Profit | $14.26B |
| R&D Expenses | $400.00M |
| SG&A Expenses | $7.44B |
| Operating Income | $6.34B |
| Interest Expense | $508.00M |
| Net Income | $4.61B |
| EPS (Basic) | $3.44 |
| EPS (Diluted) | $3.42 |
| Shares Outstanding (Basic) | 1.34B |
| Shares Outstanding (Diluted) | 1.35B |
Key Highlights
- 1Mondelez International generated $36.4 billion in net revenues for fiscal year 2024, a 1.2% increase year-over-year.
- 2Adjusted EPS grew by 9.1% to $3.36 in 2024, demonstrating improved profitability and operational efficiency.
- 3The company executed its four strategic priorities: accelerating consumer-centric growth, driving operational excellence, building a winning growth culture, and scaling sustainable snacking.
- 4Key acquisitions, including Evirth, were completed to expand the company's portfolio, particularly in the cakes and pastries category in China.
- 5Despite rising input costs, especially for cocoa, Mondelez utilized pricing strategies and cost controls to mitigate impacts on profitability.
- 6The company continues to navigate a complex macroeconomic environment characterized by inflation, supply chain disruptions, and geopolitical uncertainty.
- 7Significant investments in capital expenditures, including a new ERP system transformation program, are underway to support future growth and operational efficiency.