The following is a summary of the Mondelez International, Inc. (MDLZ) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Mondelez reported a solid start to 2024 with strong profit delivery, organic net revenue growth of 4.2%, adjusted EPS growth of 16.3%, and generated $1 billion in free cash flow.

• Despite certain customer and market disruptions, momentum remains strong in the emerging markets.

Business Progress:

• Mondelez continues to focus on its strategy of global snacking leadership and driving sustainable long-term growth.

• It has invested significantly in its brands, distribution gains, and harnesses synergies from the recently acquired assets.

• The company is on-track to deliver 90% of revenue through its core categories (Chocolate, Biscuits, Baked Snacks) by 2030.

• Despite higher cocoa prices and market disruptions, they maintained a strong outlook for Chocolate business.

• The company made noteworthy progress in the mindful snacking and sustainability agenda. Pricing and promotional strategies have been revisited to address volume and market share declines and to manage future cocoa price escalations.

• Emerging markets like China, India, Mexico, and Brazil are predicted to contribute to the year's sustainable growth despite the inflationary pressure in Nigeria, Pakistan, Egypt and boycotts in the Middle East and Southeast Asia.

More details: Mondelez International IR

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