Mondelēz reports strong 2021 first-quarter as snacking boom continues

Key points:

• Net revenues increased 7.9% driven by organic net revenue1 growth of 3.8%, favorable currency and acquisitions.
• Diluted EPS was $0.68, up 33.3%; adjusted EPS was $0.77, up 10.6% on a constant-currency basis.
• Cash provided by operating activities was $915 million; free cash flow was $699 million.
• Return of capital to shareholders was $1.5 billion.

Chicago-headquartered Mondelēz International Inc. (Nasdaq: MDLZ) on April 27 reported its first quarter 2021 results.

"Our first quarter results demonstrate that we are emerging from the COVID-19 pandemic stronger, as we continue to build upon our track record of robust growth, profitability and cash generation," said chairman and chief executive Dirk Van de Put.

"We saw continued improvement across emerging markets, healthy demand in developed markets and another quarter of strong share performance," Van de Put added. "We remain squarely focused on accelerating growth by further strengthening our core brand and expanding our presence in high-growth channels, categories and adjacencies. Our strategy is working, and our business is better positioned than ever before.”

CNBC reported that Mondelez International beat Wall Street estimates for first-quarter revenue, boosted by higher demand for its biscuits and chocolates in Asian and European markets.

View Mondelēz's full first-quarter report at Globe Newswire.