Mondelēz Q2 Revenue Rises 4.1% as Latin America Jumps 15.1% and Europe Slips 1%
Updated
Updated · FoodNavigator.com · Jul 29
Mondelēz Q2 Revenue Rises 4.1% as Latin America Jumps 15.1% and Europe Slips 1%
3 articles · Updated · FoodNavigator.com · Jul 29
Summary
Mondelēz posted 4.1% higher Q2 net revenue, with growth led by emerging markets while Europe turned negative after stronger Q1 performance.
Latin America revenue rose 15.1%, Asia, Middle East and Africa gained 8.2%, and North America added 3%; Europe fell 1% as subdued consumer confidence and a heatwave hurt chocolate consumption.
Volume/mix increased 0.7% after a 0.5% decline in Q1, while diluted EPS jumped 144.9% but adjusted EPS slipped 2.7% on a constant-currency basis.
Cocoa costs remain a risk as below-average pod counts, a short squeeze and a looming super El Niño threaten supplies, even though industry coverage has improved to 10 months from seven during the 2024 cocoa crisis.
Middle East conflict added incremental costs and hit first-half revenue, leaving Mondelēz to keep its outlook at at least 2% organic revenue growth and 0%-5% adjusted EPS growth amid unusually high volatility.