Mondelez (NASDAQ:MDLZ) Q2 Earnings, Sales Rise; 2023 Outlook Lifted
Mondelez International (NASDAQ:MDLZ) reported Q2 adjusted earnings of $0.76 per diluted share, up from $0.65 a year earlier. Analysts polled by Capital IQ expected $0.69. Net revenue for the quarter ended June 30 was $8.51 billion, up from $7.27 billion a year earlier. Analysts surveyed by Capital IQ expected $8.21 billion. The snack company said it now expects 12% organic revenue growth in 2023, up from 10% previously. It also now expects a 12% rise in adjusted EPS on a constant currency basis for the year, up from 10%.
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