Mondelez Q2 Revenue and Adjusted EPS Top Estimates, Net Income Surges
Mondelez International reported second-quarter revenue of $9.355 billion, beating the consensus estimate of $9.203 billion. Adjusted EPS of $0.73 also exceeded expectations, while net income rose sharply.
Mondelez International posted second-quarter results that surpassed analyst expectations. Revenue reached $9.355 billion, ahead of the $9.203 billion estimate, driven by organic sales growth of 2.2%.
Adjusted earnings per share came in at $0.73, topping the forecast of $0.68. Adjusted net income was $943 million, also above the estimated $855.8 million. Reported net income soared to $1.548 billion.
The company's gross margin stood at 42.6% for the quarter. The beat on both top and bottom lines underscores resilient consumer demand despite a challenging environment.
Source: First Squawk