1/27, 10:09 PM (Source: TeleTrader)
more TeleTrader news

Mondelez Q4 revenues up 4.9% YoY to hit $7.6B

Mondelez International Inc. revealed on Thursday that its fourth-quarter net revenues rose 4.9% year-over-year, amounting to $7.6 billion. Diluted earnings per share landed at $0.71, 11.3% lower than in the comparable period of last year. Furthermore, the company's net earnings fell 13.2% in comparison to Q4 2020, coming in at $1 billion.

From an annual perspective, Mondelez's net revenues reached $28.7 billion in 2021, marking an 8% jump year-over-year, while its net earnings rose 21% compared to 2020 to hit $4.3 billion. Its EPS for the same period amounted to $3.04, a figure 23.1% higher than in the previous year's report.

"We are confident that our brands, strategy and focus on execution position us well to successfully navigate near-term volatility; to profitably deliver against a clear set of sizable growth opportunities; and to achieve our long-term financial targets in 2022 and beyond," said Dirk Van de Put, the company's Chairman and CEO.

Baha Breaking News (BBN) / SP