Mondelez notches big earnings beat, elevates full year forecasts
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Mondelez International (NASDAQ:MDLZ) shares edged higher in Thursdayâs extended session after the company beat Q1 estimates and raised full-year guidance.

The Cadbury-parent reported $0.89 in adjusted earnings per share on $9.17B in sales, outpacing the analyst expectation of $0.81 in earnings per share on $8.43B in revenue for the quarter. A 16.2% increase in pricing was credited for the bulk of the 19.4% increase in revenue. 

âWe delivered a strong start to the year, with double-digit net revenue and profit dollar growth in our first quarter, as we continued to execute against our long-term strategy. These results were driven by ongoing pricing execution to offset cost inflation and solid volume growth,â CEO Dirk Van de Put said. âWe saw broad-based demand across both developed and emerging markets, as consumers around the world continue to prioritize our chocolate, biscuits, and baked snacks categories and brands. We also continued to make significant progress against our portfolio reshaping initiatives, reducing our coffee equity stakes, while driving strong top- and bottom-line synergies from recently acquired assets, including Clif Bar.â

He added that the strong Q1 performance is prompting a hike to full year guidance. Management now expects â10+ percentâ organic revenue growth, up significantly from a prior outlook of 5% to 7%. Adjusted EPS growth on a constant currency basis is also expected to reach a double-digit percentage as compared to the previous forecast of high single digit growth. 
Shares of Mondelez (MDLZ) moved 1.7% higher in after hours trading after the print.