$MDLZ (Mondelez International, Inc.)

$MDLZ {{ '2016-02-03T17:42:59+0000' | timeago}} • Webcast

$MDLZ said that it expects macro conditions, especially in emerging markets, to remain difficult and potentially worsen the category and revenue growth for company in 2016. CFO Gladden added that more volatility is seen in markets like Brazil, China and Russia.

$BGS {{ '2017-10-02T21:40:31+0000' | timeago}} • Announcement

$BGS completed the acquisition of Back to Nature Foods from Brynwood Partners, $MDLZ and certain other entities and individuals. $BGS projects that following the completion of a six-month integration period, the acquired business will generate on an annualized basis net sales of about $80MM and adjusted EBITDA of about $17MM.

$BGS {{ '2017-10-02T21:40:17+0000' | timeago}} • Announcement

$BGS completed the acquisition of Back to Nature Foods Co., a player in the better-for-you snack foods category, from Brynwood Partners, $MDLZ and certain other entities and individuals for about $162.5MM in cash. $BGS expects the acquisition to be immediately accretive to its EPS and free cash flow.

$MDLZ {{ '2017-08-02T19:09:31+0000' | timeago}} • Webcast

On margin performance front, $MDLZ said it continued to aggressively reduce cost in 2Q17, resulting in another quarter of strong adjusted OI margin expansion. Adjusted OI margin was 15.8%, up 90 bps. The company continues to execute its Zero-Based Budgeting program, which delivered cost reductions in both overheads and advertising spend.

$MDLZ {{ '2017-08-02T18:58:00+0000' | timeago}} • Webcast

The malware incident caused $MDLZ permanently lose some revenue due to shorter supply chains, mispromotions and lost consumption in some markets in 2Q17. Although the company has now restored the majority of the affected systems, it still anticipates some impacts in 3Q17. It will incur additional one-time costs related to the incident during 2H17.

$MDLZ {{ '2017-08-02T18:50:56+0000' | timeago}} • Webcast

$MDLZ experienced a disruption in its ability to ship and invoice during the last four days of 2Q17 due to a malware incident on June 27. As a result, organic net revenue growth was negatively affected by 2.4 percentage points. While the company is not yet back to normal, it expects to recover the majority of these delayed shipments in 3Q17.

$MDLZ {{ '2017-08-02T13:22:48+0000' | timeago}} • Announcement

$MDLZ has raised its quarterly cash dividend by 16% to $0.22 per share. During 2Q17, the company repurchased approx. $600MM of common stock and paid approx. $300MM in cash dividends.

$MDLZ {{ '2017-08-02T13:19:21+0000' | timeago}} • Announcement

$MDLZ sees its FY17 organic net revenue to increase at least 1%, with double-digit adjusted EPS growth on a constant-currency basis. In addition, the company expects FY17 free cash flow to be approx. $2Bil.

$MDLZ {{ '2017-08-02T13:11:53+0000' | timeago}} • Announcement

$MDLZ reported its 2Q17 results along with the announcements of dividend increase and new CEO appointment. The food producer posted a 7% YoY increase in earnings to $498MM, or $0.32 per share, while revenue fell 5% due to a cyber attack in its IT systems that led to shipping and invoicing delays. Earnings excluding items were $0.48 a share, up 12%.

$MDLZ {{ '2017-08-02T12:23:39+0000' | timeago}} • Infographic

$MDLZ Mondelez International Earnings AlphaGraphic: Q2 2017 Highlights

$MDLZ {{ '2017-08-02T11:54:18+0000' | timeago}} • Announcement

$MDLZ has appointed Dirk Van de Put, the current CEO of Canadian frozen food maker McCain Foods, to succeed Irene Rosenfeld as the company's CEO from Nov. 2017. Rosenfeld will continue as Chairman of the Board until March 31, 2018, at which point she will retire and Van de Put will assume the role of Chairman and CEO, the company said.

$MDLZ {{ '2017-07-06T22:24:53+0000' | timeago}} • Announcement

$MDLZ stated that based on the current assessment of the situation, it is reaffirming its full-year organic revenue growth outlook of at least 1% growth. The company expects to incur incremental one-time costs in 2Q17 and 3Q17 due to this issue, but the underlying margin progress is in line with the outlook of mid-16% for full-year 2017.

$MDLZ {{ '2017-07-06T22:24:36+0000' | timeago}} • Announcement

Given the timing of the cyberattack, $MDLZ experienced disruption in its ability to ship and invoice during the last four days of 2Q17. There are a few markets where $MDLZ permanently lost some of that revenue due to holiday feature timing, but the company expects to recognize the majority of these delayed shipments in 3Q17 results.

$MDLZ {{ '2017-07-06T22:24:16+0000' | timeago}} • Announcement

$MDLZ said it is making good progress in restoring its systems across the enterprise in the wake of the global cyberattack. The company believes the issue has been contained and a critical majority of the affected systems are up and running again. The preliminary estimate of the revenue impact is a negative 300BP on 2Q17 growth rate.

$MDLZ {{ '2017-05-02T22:33:06+0000' | timeago}} • Webcast

$MDLZ said that looking at commodities, there has been a significant move in cocoa prices. The hedge window for cocoa is longer than one would expect, driven by pricing in some of the key markets. Therefore, $MDLZ added that it does not necessarily have access to the current pricing in the market currently.

$MDLZ {{ '2017-05-02T22:19:42+0000' | timeago}} • Webcast

$MDLZ commented that on the CapEx forecast for 2017, it was of 4.5% of net revenue. The company also believes that the trend will move down below or about 4% getting into 2018.

$MDLZ {{ '2017-05-02T20:43:30+0000' | timeago}} • Announcement

$MDLZ said the Spanish Supreme Court decided a case related to the Cadbury acquisition in the company's favor in 1Q17. The company recorded a favorable earnings impact of $46MM in SG&A expenses and $12MM in interest and other expense. Total pretax impact was $58MM due to the reversal of Cadbury-related accrued liabilities related to this matter.

$MDLZ {{ '2017-05-02T20:34:01+0000' | timeago}} • Announcement

Since inception, $MDLZ has incurred total restructuring and related implementation charges of $2.7Bil related to the 2014-2018 restructuring program. The company has incurred the majority of the program's charges through 1Q17 and expects to complete the program by year-end 2018.

$MDLZ {{ '2017-05-02T20:30:00+0000' | timeago}} • Announcement

For 2017, $MDLZ expects organic net revenue to increase at least 1%. Adjusted EPS is expected to grow in double-digits on a constant-currency basis. The company estimates currency translation would reduce net revenue growth by approx. 1% and adjusted EPS by approx. $0.023. $MDLZ expects free cash flow to be approx. $2Bil.

$MDLZ {{ '2017-05-02T20:26:07+0000' | timeago}} • Announcement

$MDLZ reported a 13.7% increase in 1Q17 profit, aided by operating gains and $58MM gain on the settlement of a Cadbury tax matter. Net income attributable to company rose to $630MM or $0.41 per share from $554MM or $0.35 per share in the prior year quarter. Revenue was flat at $6.4Bil. Adjusted EPS was up 6% to $0.53 on a constant currency basis.

$MDLZ {{ '2017-04-18T15:51:23+0000' | timeago}} • Announcement

$MDLZ said Roberto Marques, EVP and President, North America, will leave the company. Tim Cofer, Chief Growth Officer, will serve as Interim President of the North American business, in addition to his current role spearheading the company's global growth strategy, while $MDLZ recruits a permanent successor to lead the region.

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