- Mondelez reported an adjusted EPS of 86 cents, beating the estimate of 79 cents.
- Net revenue came in at $8.34 billion, which was below the estimate of $8.47 billion.
- Adjusted gross margin was 40.5%, higher than the estimate of 38.2%.
- Adjusted operating margin stood at 17.9%, surpassing the estimate of 16.3%.
- The company’s organic net revenue growth was 2.5%, lower than the estimated 3.81%.
- In North America, organic revenue growth was 0.3%, falling short of the 1.3% estimate.
- Europe saw organic net revenue growth of 2.7%, lower than the 6.31% estimate.
- Organic net revenue in Asia, Middle East & Africa rose by 4.2%, just below the 4.77% estimate.
- Latin America’s organic net revenue grew by 4.5%, missing the 7.95% estimate.
- EPS for the quarter was 45 cents.
- Analyst ratings show 23 buys, 3 holds, and 0 sells.
Mondelez International on Smartkarma
Analysts at Baptista Research on Smartkarma have provided positive coverage of Mondelez International, highlighting key drivers for the company’s performance. In their report titled “Mondelez International: A Tale Of Preserving Critical Price Points and Investing in Supply Chain Reliability!” the analysts noted a robust Q1 2024 for the company, citing solid top-line results, strong earnings, and significant free cash flow generation. Despite challenges like disruptions in European clients and boycotts in certain regions, Mondelez benefited from momentum in emerging markets with resilient consumer confidence.
In another report by Baptista Research titled “Mondelez International: A Tale Of Volume Recovery and Organic Growth in North America,” the analysts emphasized Mondelez’s strong end to 2023, highlighted by robust top-line growth, record profit dollar growth, strong free cash flow, and solid returns to shareholders. Specifically, the company saw organic net revenue grow by 14.7% or $4.6 billion from the previous year, indicating a positive trajectory for Mondelez International.
A look at Mondelez International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Mondelez International Inc., a global food and beverage company known for its wide range of snacks, beverages, cheese, and packaged grocery products, has received moderate scores across various key factors as per Smartkarma’s Smart Scores. With Value, Dividend, Growth, Resilience, and Momentum all sitting at a balanced level of 3, the company appears to be positioned steadily for the long term.
While not excelling in any particular category, the consistent 3 scores across the board suggest a stable outlook for Mondelez International. This indicates a company that is neither overvalued nor undervalued, offering moderate dividend returns, maintaining steady growth prospects, demonstrating resilience in uncertain market conditions, and holding a neutral momentum in terms of investor interest. Investors may find Mondelez International as a reliable investment option with a well-rounded performance across key metrics.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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