Mondelez International reported a 1.2% increase in net revenues for 2024, reaching $36.44 billion. Organic net revenue growth was 4.3%, driven by higher pricing, though volume declined by 1.0%. The gross profit margin improved by 90 basis points to 39.1%, and adjusted earnings per share rose 13.0% to $3.36. The company generated $3.5 billion in free cash flow and returned $4.7 billion to shareholders through dividends and buybacks.

For the fourth quarter, net revenues grew 3.1% to $9.60 billion, with a 5.2% organic growth rate. The gross profit margin increased by 130 basis points to 38.6%, but adjusted earnings per share fell 15.9% to $0.65 due to inflationary pressures.

Looking ahead, Mondelez expects to continue focusing on its long-term growth strategy, particularly managing cocoa cost inflation in its chocolate segment. The company remains confident in its ability to achieve strong long-term revenue and earnings growth.