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CHICAGO - Snack food giant Mondelez International (NASDAQ:MDLZ) saw its shares drop 3.8% in after-hours trading on Tuesday after reporting fourth quarter results that fell short of analyst expectations and providing a disappointing outlook for 2025.
Mondelez posted adjusted earnings per share of $0.65 for Q4, missing the consensus estimate of $0.68. Revenue came in at $9.6 billion, below the $9.72 billion analysts were expecting.
For the full year 2024, organic net revenue grew 4.3% to $36.4 billion. Adjusted EPS rose 13% on a constant currency basis to $3.36.
Looking ahead to 2025, Mondelez expects organic revenue growth of approximately 5%. However, the company forecasts adjusted EPS to decline around 10% on a constant currency basis, citing "unprecedented cocoa cost inflation." Mondelez also projects 2025 free cash flow of over $3 billion.
"Fiscal 2024 was another strong year of performance for our company. We delivered balanced top-line growth, strong earnings, and robust free cash flow generation," said CEO Dirk Van de Put. "As we transition into 2025, we remain focused on executing against our long-term growth strategy and delivering on our chocolate business playbook to navigate unprecedented cocoa cost inflation."
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