Mondelez International, Inc. (MDLZ) is a global snacks powerhouse with brands spanning across five fast-growing snacks categories — biscuits, chocolate, gum and candy, beverages and cheese & grocery. Its portfolio includes popular names like Oreo, Nabisco and LU biscuits; Milka, Cadbury Dairy Milk and Cadbury chocolates; Trident gum; Jacobs coffee; and Tang powdered beverage.
Though the company has been consistently improving margins through cost cuts and productivity gains, its top line has been soft due to category weakness and volume erosion in response to the significant pricing actions and increased competitive pressures.
Investors should also note that earnings estimate for MDLZ has moved downwards for sometime. However, MDLZ has a decent earnings history. The global snacks company has posted three positive earnings surprise in the past four quarters, with an average negative surprise of 11.10%.
Currently, MDLZ has a Zacks Rank #4 (Sell), but that could definitely change following Masco’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MDLZ beat on earnings. Our consensus earnings estimate called for EPS of $0.43 /share, and the company reported EPS of $0.47 instead. Investors should note that these figures take out stock option expenses.
Revenues: MDLZ reported revenues of $8.83 billion. This lagged our consensus estimate of $9.08 billion.
Key Stats to Note: Volumes/ mix were down 3.1% year over year.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this MDLZ earnings report later.
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