Mondelēz International Sees FY24 Organic Net Revenue Growth 3%-5%; Adj. EPS High Single-Digit On Constant Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Mondelēz International projects organic net revenue growth of 3%-5% for FY24, with adjusted EPS expected to increase in the high single digits on a constant currency basis.
January 30, 2024 | 9:14 pm
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Mondelēz International anticipates a positive financial outlook for FY24, with organic net revenue growth of 3%-5% and adjusted EPS to grow in the high single digits on a constant currency basis.
The positive outlook for Mondelēz International's FY24 revenue and EPS growth is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. The company's expectation of high single-digit EPS growth, especially on a constant currency basis, suggests strong underlying business performance and efficiency, which could boost investor confidence in the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100