Mondelez International, Inc. (MDLZ) CEO Dirk Van de Put on Q2 2022 Results - Earnings Call Transcript

Mondelez International, Inc.. (NASDAQ:MDLZ) Q2 2022 Earnings Conference Call July 26, 2022 5:00 PM ET

Company Participants

Shep Dunlap - VP, IR

Dirk Van de Put - Chairman & CEO

Luca Zaramella - EVP & CFO

Conference Call Participants

Bryan Spillane - Bank of America Merrill Lynch

Andrew Lazar - Barclays Bank

Christopher Growe - Stifel, Nicolaus & Company

Alexia Howard - Sanford C. Bernstein & Co.

David Palmer - Evercore ISI

Jason English - Goldman Sachs Group

Operator

Good day, and welcome to the Mondelez International Second Quarter 2022 Earnings Conference Call. Today's call is scheduled to last about 1 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. Please go ahead, sir.

Shep Dunlap

Good afternoon, and thanks 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, mondelezinternational.com/investors.

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, 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 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 presentation.

Today's call, Dirk will provide a business and strategy update, then Luca will take you through our financial results and our outlook. We will close with Q&A.

With that, I'll 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'm pleased to share that we have delivered a strong first half of the year with robust volume growth and solid pricing execution that supports raising our full year growth outlook to 8% plus. Our core chocolate and biscuit businesses continue to demonstrate volume and pricing resilience. As consumers around the world continue to seek out our trusted and iconic brands to meet their snacking needs.