Mondelēz International Reports 1.2% Revenue Growth to $36.4 Billion in Fiscal Year 2024

Mondelēz International, Inc. reported a modest increase in net revenues for the fiscal year 2024, reaching approximately $36.4 billion, up 1.2% from $36.0 billion in 2023. The growth was primarily driven by higher net pricing and incremental revenue from the acquisition of Evirth, a leading manufacturer of cakes and pastries in China. However, this growth was partially offset by unfavorable currency-related items and the impact of the divestiture of the developed market gum business, which reduced revenues by $484 million. The company's net earnings attributable to Mondelēz International decreased by 7.0% to $4.6 billion, with diluted earnings per share (EPS) falling 5.5% to $3.42.

In comparison to the previous fiscal year, Mondelēz experienced significant changes in its operational landscape. The company completed the acquisition of Evirth in November 2024, which is expected to enhance its presence in the cakes and pastries category. Additionally, the company divested its developed market gum business in October 2023, a strategic move aimed at streamlining its portfolio. The company also initiated a $1.2 billion ERP System Implementation program to upgrade its global supply chain systems, which is expected to incur additional costs over the next five years.

Operationally, Mondelēz reported a total employee headcount of approximately 90,000 as of December 31, 2024, with a significant portion of its workforce located outside the United States. The company generated 74% of its net revenues from international markets, with emerging markets showing a 6.2% increase in organic net revenue. The company’s product categories, including biscuits, chocolate, and baked snacks, continue to perform well, although there were declines in volume/mix due to consumer demand softness in certain regions.

The filing highlighted several challenges impacting the company's performance, including inflationary pressures, increased commodity costs—particularly for cocoa—and geopolitical uncertainties stemming from the ongoing war in Ukraine. The company anticipates continued volatility in input prices and supply chain disruptions, which may affect profitability. Looking ahead, Mondelēz remains optimistic about its growth prospects, focusing on consumer-centric strategies and operational excellence to drive long-term value for shareholders. The company expects to navigate the current economic landscape while continuing to invest in its brand portfolio and sustainability initiatives.