--> MDLZ -1.5% pre market
Mondelez Int'l misses by $0.02, beats on revs; guides FY16
- Reports Q4 (Dec) earnings of $0.46 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.48; revenues fell 16.6% year/year to $7.36 bln vs the $7.26 bln Capital IQ Consensus, including a negative 11.4 percentage point impact from the coffee business transactions and a negative 11.0 percentage point impact from currency.
- FY16 guidance:
- Expects to deliver double-digit Adjusted EPS growth on a constant-currency basis. The company estimates currency translation would reduce Adjusted EPS by ~$0.13.
- Expects Organic Net Revenue growth of at least 2%, including a headwind of up to 125 basis points from a combination of trade optimization and elimination of less profitable SKUs.
- Co continues to expect Adjusted Operating Income margin to be 15 to 16%, and expects to be at the lower end of that range to reflect an approximately 50 basis point headwind resulting from the deconsolidation of the company's operations in Venezuela.
- Co expects to deliver an Adjusted Operating Income margin of 17 to 18% in 2018.