Mondelēz sees EPS rise

3 Aug 2016

Mondelēz International has reported second quarter diluted EPS up 16%, with adjusted EPS up 4.5% on a constant-currency basis. Operating income margin was 10.1%, down 90 basis points.

Mondelēz sees EPS rise

Mondelēz International has reported second quarter diluted EPS up 16%, with adjusted EPS up 4.5% on a constant-currency basis. Operating income margin was 10.1%, down 90 basis points. Net revenues decreased 17.7%, while organic net revenue grew 1.5%.

"Despite a challenging macro environment, our strong execution and first-half performance give us confidence in delivering our 2016 outlook and 2018 margin targets," said Irene Rosenfeld, Chairman and CEO. "While our reported margin results reflect the negative impact from the loss of revenue from our coffee joint venture and Venezuela deconsolidation, we continue to drive strong margin expansion on an adjusted basis. Our ongoing focus on operational efficiency enables us to invest for sustainable, profitable growth in our Power Brands, white-space expansion and sales capabilities. This is evidenced by our upcoming launch of Milka chocolate in China, a $2.8 billion market with significant growth potential, and our substantial investment in e-commerce."