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Mondelez Expects Organic Growth to Slow in 2024

publication date: Apr 1, 2024
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Looking ahead to 2024, Mondelez expects organic net revenue growth of 3%-5%, high-single-digit adjusted earnings per share on a constant currency basis, and the company is looking to haul in free cash flow greater than $3.5 billion. The organic revenue growth outlook for 2024 is meaningfully below the 14.7% mark it put up in 2023, with management pointing to geopolitical uncertainty as the cause. Nonetheless, we’re huge fans of Mondelez’s collection of valuable brands, and its ~2.4% dividend yield is worth a look.

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