Benzinga | Jul 27, 2021 04:27PM EDT

Mondelez International Sees FY21 Organic Net Revenue Growth +4%

Mondelz International provides its outlook on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details.

Metric FY 2021 OutlookOrganic Net Revenue Growth 4%+Adjusted EPS Growth (at cst FX) High single-digitFree Cash Flow $3B+

The company estimates currency translation would increase 2021 net revenue growth by approximately 2 percent3 with a positive $0.09 impact to Adjusted EPS3. Outlook is provided in the context of greater than usual volatility as a result of COVID-19. The company strategy and long-term algorithm remain unchanged.