INVESTOR RELATIONS

Financial News

Financial News

January 31, 2023

Full Year Highlights

  • Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For the fourth quarter, Net revenues increased +13.5% driven by Organic Net Revenue1 growth of +15.4% with underlying Volume/Mix of +1.6%
  • Diluted EPS was $1.96, down 35.5%; Adjusted EPS1 was $2.95, up +11.9% on a constant currency basis
  • Cash provided by operating activities was $3.9 billion, a decrease of $0.2 billion versus prior year; Free Cash Flow1 was $3.0 billion, down $0.2 billion versus prior year
  • Return of capital to shareholders was $4.0 billion; increased dividend per share by 10%
  • Announced agreement with Perfetti Van Melle to acquire our developed markets gum business in the U.S., Canada and Europe. Deal expected to close in Q4 2023
November 1, 2022
Third Quarter Highlights
  • Net revenues increased +8.1% driven by Organic Net Revenue1 growth of +12.1% with underlying Volume/Mix of +0.7%
  • Diluted EPS was $0.39, down 56.2%; Adjusted EPS1 was $0.74, up +15.7% on a constant currency basis
  • Year-to-date cash provided by operating activities was $2.5 billion, a decrease of $0.2 billion versus prior year; Free Cash Flow1 was $1.9 billion, down $0.2 billion versus prior year
  • Return of capital to shareholders was $3.3 billion year-to-date
  • Raising both Organic Net Revenue growth outlook to 10%+ and Adjusted EPS growth outlook to 10%+
  • Closed Clif Bar acquisition, helping to create an annual $1+ billion global snack bar business
  • Closed Ricolino acquisition, doubling the size of our Mexico business
  • Announced incremental investment into Cocoa Life program to reach a total of $1.0 billion and expand our goal to source all our cocoa volume from Cocoa Life by 2030
October 25, 2022
  • Sustainability now a pillar of Company’s long-term growth and acceleration strategy
  • Next phase of Cocoa Life backed by additional $600 million by 2030
  • Goal to increase scale and work with ~300,000 farmers by 2030
  • Calling for more sector-wide collaboration and public-private partnership to help address systemic challenges and improve farmer livelihoods

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