Stock Monitor: Rocky Mountain Chocolate Factory Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free earnings report on Mondelez International, Inc. (NASDAQ: MDLZ) (''Mondelez''), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MDLZ. The Company reported its first quarter fiscal 2018 operating and financial results on May 01, 2018. The maker of Oreo cookies, Cadbury chocolate, and Trident gum outperformed top - and bottom-line expectations. Additionally, the Company re-affirmed its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Mondelez International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the quarter ended March 31, 2018, Mondelez's net revenues rose 5.5% to $6.77 billion compared to $6.41 billion in Q1 2017, driven by currency tailwinds. The Company's organic net revenues grew 2.4% on a y-o-y basis, with a growth in all regions except North America. Mondelez's revenue numbers beat analysts' estimates of $6.66 billion.
During Q1 2018, Mondelez's gross profit margin was 42.1%, reflecting an increase of 280 basis points (bps), driven primarily by a favorable impact from currency and commodity hedging activities. The Company's adjusted gross profit margin was 39.4% in the reported quarter, reflecting a decrease of 110 bps compared to the year ago same period, primarily attributed to an unfavorable mix, higher commodity costs, and freight inflation.
For Q1 2018, Mondelez's operating income margin was 18.1%, up 520 bps, driven primarily by a favorable impact from currency and commodity hedging activities and lower 2014 - 2018 Restructuring Program costs. The Company's adjusted operating income margin increased 20 bps to 16.7%, due to reductions in selling, general, and administrative costs (SG&A) and supply chain productivity savings, mostly offset by higher input costs and freight inflation.
Mondelez reported a net income of $938 million, or $0.62 per diluted share, in Q1 2017 compared to $630 million, or $0.41 per diluted share, in Q1 2017, with the improvement driven primarily by a favorable impact from currency and commodity hedging activities and a favorable y-o-y currency translation.
Mondelez's adjusted diluted earnings per share (EPS) grew 9.6% to $0.62 on a constant-currency basis, driven primarily by favorability on interest and fewer shares outstanding. The Company's earnings surpassed Wall Street's estimates of $0.58.
On a regional basis, Mondelez's revenues in Europe's organic net revenues increased 4.7% to $2.71 billion in Q1 2018. This volume-driven growth was broad based, with a strength in both chocolate and biscuits in most of the region. Asia, Middle-East & Africa posted revenues of $1.54 billion, up 3.6% on an organic basis, with a double-digit growth in India, a strength in Southeast Asia, and solid results in China, which benefited from a good Chinese New Year and the timing of the holiday. Mondelez's Latin America revenues totaled $891 million, reflecting a net organic growth of 2.2%, attributed to mid-single-digit growth in Mexico, a strength in Brazil biscuits, and currency-driven pricing in Argentina. The Company's North America revenues declined 1.8% to $1.63 billion, driven mostly by trade inventory reductions and gum weakness.
During Q1 2018, Mondelez returned more than $800 million in capital to shareholders in total. The Company repurchased $500 million in stock and paid approximately $300 million in cash dividends as it increased its quarterly dividend by 16%.
Mondelez maintained its full year FY18 outlook for organic net revenue growth of 1% to 2%; adjusted operating income margin of approximately 17%; and double-digit adjusted EPS growth on a constant-currency basis. The Company speculates that currency translation would increase net revenue growth by approximately 2% and adjusted EPS by approximately $0.063.
Stock Performance Snapshot
May 24, 2018 - At Thursday's closing bell, Mondelez International's stock slightly advanced 0.28%, ending the trading session at $39.56.
Volume traded for the day: 5.49 million shares.
After yesterday's close, Mondelez International's market cap was at $58.16 billion.
Price to Earnings (P/E) ratio was at 18.93.
The stock has a dividend yield of 2.22%.
The stock is part of the Consumer Goods sector, categorized under the Confectioners industry.
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