Key facts
- Mondelez International reported Q2 revenue of $9.36 billion, exceeding analyst estimates of $9.21 billion.
- The company's non-GAAP earnings per share for Q2 was $0.73, surpassing estimates of $0.68.
- Mondelez raised its full-year organic revenue growth forecast to at least 2%.
- Sales saw a 4.1% year-on-year increase, with organic revenue growing 2.2%.
- Operating margin improved to 20.8% from 13% in the year-ago period.
Mondelez International exceeded Wall Street's revenue and profit expectations for the second quarter, driven by consistent demand for its biscuits and chocolates and strategic price increases. The company reported sales of $9.36 billion, a 4.1% increase year-on-year, surpassing analyst estimates of $9.21 billion. Its non-GAAP earnings per share came in at $0.73, exceeding consensus estimates of $0.68 by 7.4%. The company also saw its operating margin improve significantly to 20.8% from 13% in the same quarter last year, with free cash flow margin rising to 5.5% from 0%. Organic revenue grew by 2.2% year-on-year. In light of these results, Mondelez raised its full-year organic revenue growth forecast to at least 2%.