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MONDELEZ INTERNATIONAL INC Common Stock (NASDAQ: MDLZ) stock fell over 1.5% on 29th Jan, 2021 (as of 10:10 am GMT-5; Source: Google finance) after the company’s fourth quarter of FY 20. Chocolate grew more than 3% for the year and 5% for the quarter. This includes nearly two points of headwinds from World Travel Retail in the full year and the negative impact of lockdowns in Q2, but overall, this is a great category to be in and on top, the company’s brands continue to perform very well both in the and continue to gain share.

Developed markets increased 4.5% for the year and 2.8% for the quarter supported by strong execution and share gains. Emerging markets grew2.3% for the year, which includes a mid-single digit experienced during the height of COVID disruptions. For the quarter, the company posted growth of 4.1%.

During Q4, in developed markets the company continues to see increased consumption for the biscuits category North America albeit growth has slowed down versus first half. In Europe, the company posted strong Q4 in both chocolate and biscuits, consistent with Q3. In emerging markets, the company delivered good growth across the majority of the revenue base including double-digit growth in Eastern Europe and mid-single digit growth in EMEA and emerging markets. A small group of markets continue to face economic challenges and headwinds related to higher Gum & Candy exposure. This is primarily in Latin America, which grew just over 1% in Q4.

Moreover, Biscuits rose about 9% for the year and 7% for the quarter. North America was a big growth driver due to increased demand and brand investments. Europe and EMEA also posted strong Q4 results. Oil was a clear standout worldwide growing double-digits and many local delivered high growth this year and increased penetration.

MDLZ in the fourth quarter of FY 20 has reported the adjusted earnings per share of 67 cents. The company had reported the adjusted revenue growth of 5.6 percent to $7.30 billion in the fourth quarter of FY 20.

Additionally, during the quarter, the company returned $1.1 billion to shareholders in cash dividends and share repurchases. The company resumed its share repurchase program in November after suspending it in March to provide flexibility while managing the COVID-19 situation and response.

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