Mondelez International, Inc. (MDLZ) Q4 2022 Earnings Call Transcript

Mondelez International, Inc. (NASDAQ:MDLZ) Q4 2022 Earnings Conference Call January 31, 2023 5:00 PM ET

Company Participants

Shep Dunlap - Vice President of Investor Relations

Dirk Van de Put - Chairman and Chief Executive Officer

Luca Zaramella - Executive Vice President and Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays Bank PLC

Kenneth Goldman - JPMorgan Chase & Co.

Christopher Growe - Stifel, Nicolaus & Company, Inc.

Jason English - Goldman Sachs Group, Inc.

Alexia Howard - Sanford C. Bernstein & Co., LLC.

Cody Ross - UBS

Stephen Powers - Deutsche Bank AG

Operator

Good day, and welcome to the Mondelez International Fourth Quarter 2022 and Full-Year Earnings Conference Call. Today's call is scheduled to last about one hour, including remarks by Mondelez management and the question-and-answer session. [Operator Instructions]

I'd now like to turn the call over to Mr. Shep Dunlap, Vice President, Investor Relations for Mondelez. Sir, please go ahead.

Shep Dunlap

Good afternoon, and thank you for joining us. With me today are Dirk Van de Put, our Chairman and CEO; and Luca Zaramella, our CFO. Earlier today, we sent out our press release and presentation slides, which are available on our website.

During this call, we'll make forward-looking statements about the Company's performance. These statements are based on how we see things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in our 10-K, 10-Q and 8-K filings for more details on our forward-looking statements.

As we discuss our results today, unless noted as reported, we'll be referencing our non-GAAP financial measures, which adjust for certain items included in our GAAP results. In addition, we provide our year-over-year growth on a constant currency basis unless otherwise noted. You can find the comparable GAAP measures and GAAP to non-GAAP reconciliations within our earnings release and at the back of the slide presentation.

Today, Dirk will provide a business and strategy update, followed by review of our financial results and outlook by Luca. We will close with Q&A.

I'll now turn the call over to Dirk.

Dirk Van de Put

Thanks, Shep, and thanks to everyone for joining the call today. I will start on Slide 4. I am pleased to share that we delivered another record year, not only in size of the company, but also in profit dollar growth. Our strong topline performance was driven by excellent pricing execution and continued volume strength as consumers all over the world remain loyal to our iconic snacking brands. We delivered strong topline performance in both emerging and developed markets while continuing to exercise cost discipline.