Mondelez International’s Q2 Preview

RBC Capital analysts provided their outlook on Mondelez International, Inc’s (NASDAQ:MDLZ) upcoming Q2 earnings results, projecting organic sales growth of 5.5% year-over-year (vs. Street’s 5.1%) and EPS of $0.65 (vs. Street’s $0.64).
The analysts anticipate solid results in North America with strong price realization, elasticities still below historical levels, and improving supply chain constraints. They also expect solid results in emerging markets, where consumers are more used to high inflation.
The analysts believe the company will reiterate guidance on a constant-currency basis, but reported 2022 EPS is likely to move lower on higher FX headwinds.

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