What was the primary driver of the net revenue increase?

The 5.5% increase in net revenue was driven by a combination of favorable currency translation, primarily due to a weaker U.S. dollar against several operating currencies, and underlying organic net revenue growth of 2.4%. The organic growth was fueled by favorable volume/mix, including the shift of Easter-related shipments into the first quarter, and higher net pricing.

How did the company's profitability change in this quarter?

Profitability improved significantly. Operating income rose 48.4% to $1,224 million. Diluted EPS attributable to Mondelez International increased 51.2% to $0.62. Adjusted EPS, a non-GAAP measure that excludes certain items, grew 19.2% to $0.62, indicating strong underlying operational performance.

What is the status of the 2014-2018 Restructuring Program?

The company recorded $52 million in restructuring charges and $62 million in implementation costs related to the 2014-2018 Restructuring Program during the first quarter of 2018. The program aims to reduce operating costs and is expected to complete its planned charges by the end of 2018.

How is the company managing its cash and debt?

Mondelez International ended the quarter with a strong liquidity position, with cash and cash equivalents increasing to $1,130 million. Net cash provided by operating activities was $407 million, a significant improvement from the prior year. The company continues to use its commercial paper program and credit facilities for funding needs and repaid $738 million of long-term debt while issuing $463 million during the quarter.

MDLZ 10-Q Quarterly Report Q1 FY2018 — Revenue, Net Income, EPS

Summary

Mondelez International, Inc. reported a strong first quarter of 2018, with net revenues increasing by 5.5% to $6.8 billion, driven by favorable currency translation and underlying organic growth of 2.4%. Diluted Earnings Per Share (EPS) saw a significant increase of 51.2% to $0.62, benefiting from factors such as favorable mark-to-market impacts from derivatives, lower interest expenses, and share repurchases. Adjusted EPS also grew by 19.2% to $0.62, highlighting the company's focus on operational efficiency and profitability.

Financial Highlights

52 data points

Beta

Revenue

$6.76B

0.4% Gross Margin

Net Income

$1.05B

0.2% Net Margin

EPS (Diluted)

$0.70

Total Assets

$64.50B

Free Cash Flow

$123.00M

Financial Statements

Beta

Revenue	$6.76B
Cost of Revenue	$3.92B
Gross Profit	$2.85B
SG&A Expenses	$1.53B
Operating Income	$1.22B
Interest Expense	$102.00M
Net Income	$1.05B
EPS (Basic)	$0.70
EPS (Diluted)	$0.70
Shares Outstanding (Basic)	1.49B
Shares Outstanding (Diluted)	1.50B

Key Highlights

1Net revenues grew 5.5% to $6.8 billion, with organic net revenue increasing 2.4% driven by volume/mix and higher pricing.
2Diluted EPS increased 51.2% to $0.62, outperforming the prior year quarter.
3Adjusted EPS grew 19.2% to $0.62, indicating improved operational profitability excluding one-time items.
4Operating income surged by 48.4% to $1,224 million, showcasing effective cost management and revenue growth.
5The company repurchased approximately $0.5 billion of common stock in the quarter, demonstrating a commitment to returning capital to shareholders.
6The ongoing restructuring program continued to impact results, with $52 million in restructuring charges recorded in the quarter.
7The company ended the quarter with a healthy cash and cash equivalents balance of $1,130 million, up from $761 million at the end of 2017.

Mondelez International, Inc. Quarterly Report for Q1 Ended Mar 31, 2018

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions