Mondelez International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021 at 09:05 pm
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Mondelez International, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 6,642 million compared to USD 5,911 million a year ago. Operating income was USD 872 million compared to USD 713 million a year ago. Net income was USD 1,078 million compared to USD 544 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 0.38 a year ago. For the half year, sales was USD 13,880 million compared to USD 12,618 million a year ago. Operating income was USD 2,155 million compared to USD 1,569 million a year ago. Net income was USD 2,039 million compared to USD 1,280 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 0.89 a year ago.
Mondelez International, Inc. is one of the world's leading food processing groups. Net sales break down by family of products as follows:
- cookies and snacks (48.9%): Barni, belVita, Chips Ahoy, Club Social, Enjoy Life Foods, Honey Maid, Kinh Do, LU, Oreo, Prince, Ritz, Tate's Bake Shop, Tiger, Triscuit, TUC, Wheat Thins, etc. brands;
- chocolates (29.5%): 5 Star, Alpen Gold, Cadbury, Cadbury Dairy Milk, Côte d'Or, Daim, Freia, Hu, Lacta, Marabou, Milka, Toblerone, etc. brands;
- chewing gums and candies (12.3%): Halls, Clorets, Maynards Bassett's, Sour Patch Kids, Stride, etc. brands;
- cheese and grocery products (6%);
- beverages (3.3%): juices, teas and powdered beverages (Tang brand) and malted beverages (Cadbury Bournvita).
At the end of 2023, the group had 148 manufacturing sites worldwide.
Net sales are distributed geographically as follows: the United States (26.6%), North America (4.2%), Europe (35.7%), Asia/Pacific/Middle East/Africa (19.6%) and Latin America (13.9%).