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Wednesday, July 25, 2018

=Mondelez Int'l (MDLZ) reported earnings on Wed 25 July 2018 (a/h)

Mondelez Int'l beats by $0.02, reports revs in-line; raises full-year organic net revenue growth 
  • Reports Q2 (Jun) earnings of $0.56 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.54; revenues rose 2.1% year/year to $6.11 bln vs the $6.12 bln Capital IQ Consensus.
  • Full year 2018 outlook:
    • Organic Net Revenue growth to the high end of the previous range of 1 to 2 percent.
    • The company maintained its outlook for Adjusted Operating Income margin of approximately 17 percent and double-digit Adjusted EPS growth on a constant-currency basis.
    • The company estimates currency translation would decrease net revenue growth by approximately 1 percent with no impact to Adjusted EPS.
    • The company continues to expect Free Cash Flow of approximately $2.8 billion.

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