Mondelez International, Inc. (MDLZ) has announced a significant increase in profit for its fourth quarter compared to the same period in the previous year. The company reported a net income of $1.745 billion, equating to $1.30 per share. This is an improvement from last year's figures of $0.95 billion, or $0.70 per share.
Excluding certain items, the adjusted earnings for Mondelez International, Inc. amounted to $868 million, or $0.65 per share, for the quarter.
The company also experienced a revenue increase of 3.1%, reaching $9.604 billion, compared to $9.314 billion in the prior year.
Summary of Mondelez International, Inc.'s earnings under GAAP (Generally Accepted Accounting Principles):
- Net Income: $1.745 billion, compared to $0.95 billion last year.
- Earnings Per Share (EPS): $1.30, up from $0.70 last year.
- Revenue: $9.604 billion, compared to $9.314 billion in the previous year.
