Mondelez expects FY25 adjusted EPS to decline approx 15%

For 2025, the company now expects Organic Net Revenue growth of 4%+ and Adjusted EPS to decline approximately 15% on a constant currency basis. The company continues to expect 2025 Free Cash Flow of $3+ billion. The company currently estimates currency translation would increase 2025 net revenue growth by approximately 0.5 percent and increase Adjusted EPS by $0.05. Outlook is provided in the context of greater than usual volatility, including due to geopolitical, trade and regulatory uncertainty and commodity prices. This outlook does not reflect any potential tariff changes to United States-Mexico-Canada Agreement, USMCA, compliant trade.