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Cadbury owner Mondelez reported a rise in sales in the final quarter but cautioned consumers are starting to rein back spending after hefty price hikes. Profit margins have been rising steadily through 2023 at the Toblerone and Ritz Crackers group helped by it pushing through higher prices.
While the top- and bottom-line numbers for Mondelez (MDLZ) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Global snack and candy giant Mondelez International is pivoting its focus to healthier chocolate. Reporting on the fourth quarter of 2023, Mondelez, which owns brands like Oreo, Cadbury and Ritz, said it recorded a strong quarter, with a 14.
Mondelez (MDLZ) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.73 per share a year ago.
Global snacks giant Mondelez International Inc. late Tuesday called for slower growth this year, hedging that its outlook comes amid “greater-than-usual volatility as a result of geopolitical uncertainty.”
Mondelez International posted a rise in fourth-quarter sales on Tuesday, helped by resilient demand over the holiday season for the Cadbury parent's chocolates and salty crackers.
The packaged-food company has been successful in passing along price increases to consumers. That's likely to continue.
Mondelez's (MDLZ) fourth-quarter performance is likely to reflect gains from strength in snacking business and emerging market.
Mondelez International has shown strong revenue growth, exceeding the rate of inflation, with a healthy growth rate in emerging markets. The company has a solid dividend growth record and has bought back a significant amount of its stock, reducing the total share count. While the stock will likely drop during a recession, consumer staples tend to be less volatile.
Evaluate the expected performance of Mondelez (MDLZ) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.