Mondelēz International Raises Full-year Outlook
Having increased net revenues by 1.1% in the third quarter, driven by organic net revenue growth of 4.2% reflecting balanced volume/mix and pricing across both emerging and developed markets, offset by unfavorable currency impacts, Mondelēz International has raised its outlook for the full-year.
“We are pleased to report another quarter of strong top-line growth, continuing the momentum of the first half, enabling us to further increase our outlook for the year,” says Dirk Van de Put, Chairman and CEO of Mondelēz International. “Our strategy to accelerate growth by focusing on the consumer, driving operational excellence and unlocking the potential of our local business units is delivering good results from both local and global brands.”
After strong year-to-date performance, the company now expects organic net revenue growth of 3.5+ percent and adjusted EPS growth of 5 to 7 percent on a constant-currency basis. In addition, Mondelēz International continues to expect free cash flow of approximately $2.8 billion.
