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Mondelez International (NASDAQ:MDLZ) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4%.
Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.36 in the quarter versus EPS of $0.57 in the year-earlier quarter.
Revenue: Decreased 35.36% to $9.5 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.36 per share. By that measure, the company missed the mean analyst estimate of $0.38. It missed the average revenue estimate of $9.69 billion.
Quoting Management: “This was a transformational year for our company,” said Irene Rosenfeld, Chairman and CEO. “We successfully completed the spin-off of Kraft Foods Group, resulting in a significant increase in shareholder value, and delivered solid top-line growth and higher Adjusted Operating Income margins across all geographies. We remain relentlessly focused on driving our global snacking platforms and Power Brands while leveraging our strong routes-to-market to deliver on the exciting promise of our new growth company.”
Key Stats (on next page)…
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