$MDLZ (Mondelez International, Inc.)

$MDLZ {{ '2016-07-27T13:36:18+0000' | timeago}} • Announcement

Confectionery, food, and beverage giant $MDLZ reported a higher quarterly profit on lower costs. The company reported a 16% increase in 2Q16 earnings of $0.29 per share, helped by the absence of costs from last year's coffee business transactions. Revenue fell 18% to $6.3Bil, mainly due to the company's deconsolidation of the coffee business.

$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.

$MDLZ {{ '2017-02-22T12:56:50+0000' | timeago}} • Announcement

$MDLZ reaffirmed its 2017 organic net revenue growth outlook of at least 1% and adjusted operating income margin estimate in the mid-16% range. The company still predicts double-digit adjusted EPS growth on a constant-currency basis for 2017. $MDLZ expects 2017 free cash flow of about $2Bil.

$MDLZ {{ '2017-02-07T21:37:53+0000' | timeago}} • Announcement

On Dec. 1, 2016, $MDLZ completed the sale of a confectionery business in Costa Rica represented by a local brand. The sales price was $28MM and the company recorded a pre-tax gain of $9MM in 4Q16. In connection with this divestiture, $MDLZ incurred $2MM of transaction costs and accrued expenses.

$MDLZ {{ '2017-02-07T21:34:35+0000' | timeago}} • Announcement

For 2017, $MDLZ expects organic net revenue to increase at least 1% and adjusted EPS 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. $0.03.

$MDLZ {{ '2017-02-07T21:31:13+0000' | timeago}} • Announcement

Oreo-maker $MDLZ swung to profit in 4Q16 from the loss it reported in the year ago quarter, helped by the impact from the prior year loss on the Venezuela deconsolidation. Net earnings rose 112.8% to $93MM or $0.06 per share compared to a net loss of $729MM or $0.45 per share in the prior year quarter. Revenue dropped 8.1% to $6.77Bil.

$MDLZ {{ '2017-01-19T11:42:08+0000' | timeago}} • Announcement

$MDLZ reached an agreement to sell most of its grocery business in Australia and New Zealand to Bega Cheese Ltd. for A$460MM.  The transaction adds the iconic VEGEMITE brand and other well-established grocery brands to Bega's portfolio. The transaction is expected to close in the coming months.

$MDLZ {{ '2016-12-13T15:11:31+0000' | timeago}} • Announcement

$MDLZ's BoD declared a regular quarterly dividend of $0.19 per share of Class A common stock, payable on January 12, 2017, to shareholders of record as of December 30, 2016.

$FNHS {{ '2016-12-06T11:41:11+0000' | timeago}} • Announcement

$FNHS appointed Tracey Belcourt as SVP of global growth and development, effective Dec. 6, 2016. She comes from $MDLZ, where she spent four years as EVP of strategy focused on development and execution of global growth strategies.

$MDLZ {{ '2016-10-26T18:51:34+0000' | timeago}} • Webcast

To-date, $MDLZ said the company repurchased about $1.8Bil of shares at an avg. price of $41.64. The company added that it has raised its target for share buybacks and now expects to repurchase about $500MM in 4Q16.

$MDLZ {{ '2016-10-26T18:42:23+0000' | timeago}} • Webcast

$MDLZ's China business declined marginally, due to soft demand across most categories in 3Q16. In Latin America, the company is not seeing any recovery in Brazil in the near term and expects the challenging situation to continue into 1H17.

$MDLZ {{ '2016-10-26T18:38:18+0000' | timeago}} • Webcast

In Asia Pacific, $MDLZ's adjusted operating income margin grew 340 BP to 13.4% in 3Q16, helped by improved overheads and good productivity. In India, the company posted mid-single digit growth, fueled by strength in chocolate and the launch of Bornvita biscuits.

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