Mondelez International, Inc. stock research
FY2023 Q2
Mondelez International (MDLZ) Gross Margin — Quarter Ended Jun 30, 2023
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit remained stable sequentially while rising year over year, and cost of revenue declined sequentially but increased year over year, resulting in an improved gross margin compared to both periods.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit remained stable sequentially while rising year over year, and cost of revenue declined sequentially but increased year over year, resulting in an improved gross margin compared to both periods.
- The gross margin improvement reflects a change in the proportion of cost of revenue relative to revenue, as cost of revenue declined more than revenue on a sequential basis and revenue grew faster than cost of revenue year over year.
- Compared to the prior quarter, revenue was lower while gross profit was unchanged, leading to a higher gross margin. Compared to the same quarter last year, revenue, gross profit, and gross margin were all higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
39.4%
Gross profit
$3.4B
Revenue
$8.5B
Cost of revenue
$5.2B
Quarter-over-quarter change
+1.8 pts
Year-over-year change
+3.1 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% |
| Jun 30, 2023 | $8.5B | $3.4B | $5.2B | 39.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+1.8 pts
Year-over-year change
Jun 30, 2022
+3.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement reflects a change in the proportion of cost of revenue relative to revenue, as cost of revenue declined more than revenue on a sequential basis and revenue grew faster than cost of revenue year over year.
Compared to the prior quarter, revenue was lower while gross profit was unchanged, leading to a higher gross margin. Compared to the same quarter last year, revenue, gross profit, and gross margin were all higher.
Monitor the trajectory of cost of revenue relative to revenue, as it directly influences gross margin trends.