The 10-second takeaway
For the quarter ended March 31 (Q1), Mondelez International met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins shrank, net margins increased.
Mondelez International recorded revenue of $8.74 billion. The 10 analysts polled by S&P Capital IQ anticipated a top line of $8.70 billion on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $13.09 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.34. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. Non-GAAP EPS of $0.34 for Q1 were 40% lower than the prior-year quarter's $0.57 per share. GAAP EPS of $0.32 for Q1 were 30% lower than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.1%, 150 basis points better than the prior-year quarter. Operating margin was 9.8%, 450 basis points worse than the prior-year quarter. Net margin was 6.5%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $8.83 billion. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $36.33 billion. The average EPS estimate is $1.57.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 152 members out of 156 rating the stock outperform, and four members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Mondelez International a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mondelez International is outperform, with an average price target of $30.16.
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