Mondelez International, Inc. stock research
FY2023 Q1
Mondelez International (MDLZ) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved sequentially but weakened relative to the year-ago period, indicating that cost growth outpaced revenue growth on an annual basis.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved sequentially but weakened relative to the year-ago period, indicating that cost growth outpaced revenue growth on an annual basis.
- The sequential improvement in gross margin was the most notable change, as gross profit grew faster than cost of revenue relative to the prior quarter.
- Compared to the immediately preceding quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.6%
Gross profit
$3.4B
Revenue
$9.2B
Cost of revenue
$5.7B
Quarter-over-quarter change
n/a
Year-over-year change
-0.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $9.2B | $3.4B | $5.7B | 37.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was the most notable change, as gross profit grew faster than cost of revenue relative to the prior quarter.
Compared to the immediately preceding quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was lower.
The company's filing notes ongoing monitoring of European operations and the impact of the war in Ukraine, which may influence future cost trends.