Mondelez International (MDLZ) has released an update to notify the public and investors about a regulation fd disclosure.
Mondelēz International is providing a supplemental non-GAAP financial report detailing the retrospective impact of the sales of JDE Peet’s shares and the sale of its developed market gum business. The report includes adjustments to historical non-GAAP financial results to reflect these divestitures, facilitating comparisons of operating results and increasing transparency. The sale of JDEP shares, reported on a lag, will affect non-GAAP results from the fourth quarter of 2023, while the gum business sale led to recasting historical non-GAAP financial metrics. The company’s GAAP results remain unchanged, and this disclosure does not amend prior SEC filings.
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For a comprehensive understanding of the announcement, you can read the full document here.
