โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $9.97B (+2.3% YoY)
โข Organic Revenue Growth: +2.1% (Volume/Mix +1.8%; Pricing +0.3%)
โข GAAP EPS: $1.02 (+78.9% YoY)
โข Adjusted EPS: $0.78 (+6.8% reported; +5.5% constant currency)
โข GAAP Net Earnings: $1.31B (+75.6% YoY)
โข Adjusted Net Earnings: $992M (+4.5% YoY)
โข GAAP Operating Income: $1.76B (+136.3% YoY)
โข Adjusted Operating Income: $1.38B (+18.2% YoY)
โข Adjusted Gross Margin: 34.2% (+380 bps YoY)
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐ ๐๐๐, ๐๐๐๐๐๐ข๐ซ๐ฆ๐๐)
โข Organic Revenue Growth: At least +2%
โข Adjusted EPS Growth: 0% to +5% constant currency
โข Free Cash Flow: ~$3.0B
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Latin America revenue +12.0% to $1.39B; organic growth +6.9%
โข Asia, Middle East & Africa revenue +8.2% to $2.18B; organic growth +7.7%
โข Europe revenue -3.3% to $3.55B; organic decline of 2.1%
โข North America revenue +1.1% to $2.85B; organic growth +1.6%
โข Emerging Markets organic revenue +4.1%; Developed Markets +0.8%
โข GAAP profitability benefited significantly from favorable commodity and FX derivative valuations
โข YTD Operating Cash Flow: $2.61B; Free Cash Flow: $1.7B
โข Returned $2.8B to shareholders through dividends and buybacks YTD
โข Announced agreement to acquire Undercover Snacks
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe delivered strong third-quarter results, driven by broad based volume growth and robust share performance.โ โ CEO Dirk Van de Put