Mondelez International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 08:18 pm
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Mondelez International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 7,182 million compared to USD 6,665 million a year ago. Net income was USD 1,258 million compared to USD 1,119 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 0.78 a year ago.
For the nine months, sales was USD 21,062 million compared to USD 19,283 million a year ago. Net income was USD 3,297 million compared to USD 2,399 million a year ago. Basic earnings per share from continuing operations was USD 2.34 compared to USD 1.68 a year ago. Diluted earnings per share from continuing operations was USD 2.33 compared to USD 1.66 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%).