Filing Flows › Mondelez International (MDLZ) › Q1 2025
Mondelez International (MDLZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Mondelez International (MDLZ) reported revenue of $9.3B for the first quarter 2025 (Q1 2025), +0.2% from a year earlier and -3% from the quarter before. Operating margin was 7.3%, net earnings $407M (4.4% of revenue).
Mondelez International, Q1 2025: revenue $9.3B (+0.2% year over year), operating margin 7.3%, net earnings $407M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3B | -3% | +0.2% |
| Gross profit | $2.4B | -35% | -49% |
| Operating profit | $680M | -58% | -75% |
| Net earnings | $407M | -77% | -71% |
| Operating cash flow | $1.1B | -25% | -18% |
| Free cash flow | $815M | -23% | -20% |
What changed
Revenue was $9.3B in Q1 2025, roughly flat year over year and down 3% from the previous quarter. Biscuits & Baked Snacks was the largest line at 47% of revenue. Chocolate added $0.17B year over year (up 6%), 730% of the total change. Beverages declined 16%.
Gross margin was 26.1%, down 25.0 points from a year earlier. Operating profit was $0.68B, a 7.3% margin (down 22.1 points year over year). Operating profit fell $2.0B even though revenue rose $0.02B versus a year earlier, so costs grew faster than sales. Operating expenses fell 13% while revenue was flat. Net earnings were $0.40B, down 72% year over year. The effective tax rate was 27.5%.
Operating cash flow was $1.1B (down 18% year over year), 268% of net earnings. Non-cash charges added back $0.32B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.34B. Capital expenditures of $0.28B left free cash flow of $0.81B.
Questions
What was Mondelez International's revenue in the first quarter 2025?
Mondelez International (MDLZ) reported revenue of $9.3B for the first quarter 2025 (Q1 2025), +0.2% from a year earlier and -3% from the quarter before.
Was Mondelez International profitable in the first quarter 2025?
Operating profit was $680M (7.3% of revenue) and net earnings $407M.