Third Quarter Highlights
- Net revenues increased +8.1% driven by Organic Net Revenue1 growth of +12.1% with underlying Volume/Mix of +0.7%
- Diluted EPS was $0.39, down 56.2%; Adjusted EPS1 was $0.74, up +15.7% on a constant currency basis
- Year-to-date cash provided by operating activities was $2.5 billion, a decrease of $0.2 billion versus prior year; Free Cash Flow1 was $1.9 billion, down $0.2 billion versus prior year
- Return of capital to shareholders was $3.3 billion year-to-date
Raising both Organic Net Revenue growth outlook to 10%+ and Adjusted EPS growth outlook to 10%+ - Closed Clif Bar acquisition, helping to create an annual $1+ billion global snack bar business
- Closed Ricolino acquisition, doubling the size of our Mexico business
- Announced incremental investment into Cocoa Life program to reach a total of $1.0 billion and expand our goal to source all our cocoa volume from Cocoa Life by 2030
