Mondelez Int'l misses by $0.02, misses on revs (43.93 -0.08)
- Reports Q4 (Dec) earnings of $0.47 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.49; revenues fell 8.1% year/year to $6.77 bln vs the $6.86 bln Capital IQ Consensus
- Co said, "We continue to make solid progress toward our near-term margin targets, while investing for long-term growth," said Irene Rosenfeld, Chairman and CEO. "Despite significant economic disruptions, political uncertainties and slower global category growth, we remain confident in and committed to our balanced strategy for both top- and bottom-line growth."
2017 Outlook:
- Mondelez International provides guidance on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details. The company expects Organic Net Revenue to increase at least 1% in 2017 and Adjusted Operating Income margin in the mid-16 percent range
- The co also expects double-digit Adjusted EPS growth on a constant-currency basis
- The company estimates currency translation would reduce net revenue growth by ~1% and Adjusted EPS by ~$0.033
- The co remains committed to its 2018 Adjusted Operating Income margin target of 17 to 18