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Mondelez International logoMondelez International MDLZ

The company said that during Q3 2023 (3 months ended September 30), JDEP options covering 2.2 million shares were exercised, reducing its ownership from 18.1% to 17.7%, a 0.4 percentage points decrease. It said it received cash proceeds of €57 million ($62 million) and recorded a loss of €3 million ($4 million) on the sales.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said that during Q3 2023 (3 months ended September 30), JDEP options covering 2.2 million shares were exercised, reducing its ownership from 18.1% to 17.7%, a 0.4 percentage points decrease. It said it received cash proceeds of €57 million ($62 million) and recorded a loss of €3 million ($4 million) on the sales.

  2. Mondelez International said it sold its developed market gum business in the United States, Canada and Europe to Perfetti Van Melle Group on October 1, 2023, and completed the sale of the Portugal business on October 23 after receiving regulatory approval. It said it received net cash proceeds of $1.4 billion.

  3. The company disclosed that recast adjusted diluted EPS was $2.79 for full-year 2022 and $2.70 for full-year 2021, and that the cumulative figure for the 1 quarters through Q3 in 2023 was $2.35.

  4. The company said that recast adjusted organic net revenue for full-year 2022 was $30,998 million and adjusted operating income was $4,885 million, and that its U.S. GAAP results did not change from prior reporting.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Key Details

The company said that during Q3 2023 (3 months ended September 30), JDEP options covering 2.2 million shares were exercised, reducing its ownership from 18.1% to 17.7%, a 0.4 percentage points decrease. It said it received cash proceeds of €57 million ($62 million) and recorded a loss of €3 million ($4 million) on the sales.

Source · Based on the filing body and exhibits

Sale of Developed Market Gum Business and Net Cash Proceeds

Mondelez International said it sold its developed market gum business in the United States, Canada and Europe to Perfetti Van Melle Group on October 1, 2023, and completed the sale of the Portugal business on October 23 after receiving regulatory approval. It said it received net cash proceeds of $1.4 billion.

Source · Based on the filing body and exhibits

Recast Full-Year Adjusted EPS Results

The company disclosed that recast adjusted diluted EPS was $2.79 for full-year 2022 and $2.70 for full-year 2021, and that the cumulative figure for the 1 quarters through Q3 in 2023 was $2.35.

Source · Based on the filing body and exhibits

Recast Revenue and Operating Income; GAAP Unchanged

The company said that recast adjusted organic net revenue for full-year 2022 was $30,998 million and adjusted operating income was $4,885 million, and that its U.S. GAAP results did not change from prior reporting.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.