Mondelez International, Inc.
Mondelēz Restates Non-GAAP Financial Results Post JDE Peet's Divestiture
Summary
Mondelēz International, Inc. has restated its non-GAAP financial results to reflect the impact of the sale of its remaining 85.9 million shares in JDE Peet's to JAB Holdings Company. This restatement removes the equity method investment net earnings from JDE Peet's from the non-GAAP financial results. The restatement impacts the financial results for the first three quarters and nine months of 2024, all quarters of 2023 and 2022, and the years ended December 31, 2023, and 2022. This restatement is being furnished to provide supplemental non-GAAP financial information and does not amend any prior filings.
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About Mondelez International, Inc.
Mondelez International, Inc. is a leading global snacking company specializing in confectionery, food, and beverages. The company produces an impressive array of iconic brands such as Oreo cookies, Cadbury chocolates, Toblerone, and Trident gum. Operating in over 150 countries, Mondelez focuses on providing a wide variety of snacks that appeal to different taste preferences around the world. With a strong commitment to sustainability, Mondelez aims to source ingredients responsibly and ensure environmental protection. The company plays a significant role in the consumer staples sector, heavily influencing global snack market trends through continuous product innovation and marketing strategies. Headquartered in Chicago, Illinois, Mondelez International is a key player in the processed food industry, balancing tradition with modern consumer demands.
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