MONDELEZ INTERNATIONAL Reports Second Quarter Earnings for FY2023
August 3, 2023
🌥️Earnings Overview
MONDELEZ ($NASDAQ:MDLZ): MONDELĒZ INTERNATIONAL announced their second quarter FY2023 earnings, ending June 30, 2023, with total revenue of USD 8507.0 million, a growth of 17.0% from the same quarter in the prior year, and net income of USD 944.0 million, an increase of 26.4% from the same quarter a year ago.
Stock Price
On Thursday, MONDELEZ INTERNATIONAL reported its second quarter earnings for FY2023. Opening at $73.6, the stock closed the day at $72.4, down by 1.8% from its previous closing price of 73.7. The company reported a positive quarter in terms of revenues and profits. MONDELEZ INTERNATIONAL’s performance was in line with market expectations. The company’s outlook for the rest of the year remained positive and it reaffirmed its full-year guidance.
MONDELEZ INTERNATIONAL is expecting to post higher profits and increased revenues for FY2023 compared to the previous year. The company also expects to launch several new products in the coming quarters, which is expected to boost its performance in terms of both revenues and profits. Overall, MONDELEZ INTERNATIONAL reported a strong quarter in terms of both revenue and profits. With positive guidance and plans for new products, the company is expected to have a strong performance in the rest of FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mondelez International. More…
| Total Revenues | Net Income | Net Margin |
| 34.13k | 4.14k | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mondelez International. More…
| Operations | Investing | Financing |
| 3.91k | -2.64k | -1.48k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mondelez International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 72.03k | 43.35k | 21.05 |
Key Ratios Snapshot
Some of the financial key ratios for Mondelez International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | 7.8% | 15.7% |
| FCF Margin | ROE | ROA |
| 8.5% | 11.7% | 4.6% |
Analysis
As GoodWhale analyzed MONDELEZ INTERNATIONAL‘s fundamentals, we classified them as a ‘gorilla’ company. This type of company typically achieves stable and high revenue or earning growth due to its strong competitive advantage. This makes it attractive to investors who are looking for a reliable return on investment. We also gave MONDELEZ INTERNATIONAL a health score of 8/10. This is a good health score, signaling that the company is capable of paying off debt and funding future operations. In terms of its financial performance, MONDELEZ INTERNATIONAL is strong in dividends and profitability, and medium in growth. Its weakest area is asset management. It has a solid financial performance and is capable of paying off debt and funding future operations. We believe that MONDELEZ INTERNATIONAL is a great choice for investors who understand the fundamentals of this type of company. More…
Peers
The company’s competitors include The Kraft Heinz Co, Kimberly-Clark Corp, Nestle SA, and other companies.
– The Kraft Heinz Co ($NASDAQ:KHC)
The Kraft Heinz Co is an American food company with a market cap of 46.76B as of 2022. The company has a Return on Equity of 3.49%. Kraft Heinz produces and markets food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products.
– Kimberly-Clark Corp ($NYSE:KMB)
Kimberly-Clark Corp is a consumer goods company with a market cap of 41.96B as of 2022. The company has a return on equity of 295.51% and is involved in the manufacturing and marketing of a range of products including but not limited to diapers, tissues, and paper towels. Kimberly-Clark has a strong presence in both developed and emerging markets and has a well-established distribution network. The company has a long history of dividend payments and has increased its dividend payout for 44 consecutive years.
– Nestle SA ($LTS:0RR6)
Nestle SA is a Swiss food and drink company. It is the largest food company in the world, measured by revenue and other metrics, since 2014. It has more than 2000 brands across all stages of the consumer journey, with a focus on nutrition, health, and wellness. The company’s products include baby food, bottled water, cereals, coffee, and dairy products. It also sells pet food, frozen food, and snacks.
Summary
MONDELEZ INTERNATIONAL experienced strong financial performance in the second quarter of FY2023, with total revenue increasing by 17.0% and net income rising by 26.4%. The quarterly results demonstrate robust financial strength and indicate potential for further growth in the future. Investors may be encouraged by the company’s strong performance and its ability to capitalize on opportunities in the marketplace. MONDELEZ INTERNATIONAL appears to be well-positioned for long-term gains, as it demonstrates a commitment to developing healthy products and delivering top-notch customer service.
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