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Mondelez (MDLZ) Beats Q2 Earnings; Misses on Sales

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Mondelez International, Inc.(MDLZ - Free Report) 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; 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 due to lower demand, elasticity impact from higher pricing, currency headwinds and increased competitive pressures.

Investors should note that earnings estimate for MDLZ has remained stable for some time. Moreover, MDLZ has a decent earnings history. The global snacks company has posted positive earnings surprise in three of the past four quarters, with an average positive surprise of 10.52%.

Currently, MDLZ has a Zacks Rank #4 (Sell), but that could definitely change following Mondelez’ 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 40 cents/share, and the company reported EPS of 44 cents instead. Investors should note that these figures take out stock option expenses.

Revenues: MDLZ reported revenues of $6.302 billion. This lagged the consensus estimate of $6.332 billion.

Key Stats to Note: Organic revenues grew 1.5%, driven by improved volumes/ mix and higher pricing.

Stock Price: Shares declined 1.13% in pre-market trading.

Check back later for our full write up on this MDLZ earnings report later!

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