Mondelez International Inc

Latest Results (29.08.2026):

Mondelēz International, Inc. — Q1 2026: The company reported solid Q1 2026 results with reported net revenues of $10.08 billion (up 8.2%), organic net revenue growth of 3.0%, and diluted GAAP EPS of $0.44 (up 41.9%). Adjusted EPS was $0.67 (down 14.9% on a constant‑currency basis). Reported results were helped by favorable mark‑to‑market derivative impacts, while adjusted results reflected pressure from input cost inflation, unfavorable volume/mix and higher SG&A and transformation costs.

Top‑line

Reported net revenues: $10,080 million, +8.2% vs Q1 2025. Organic net revenue: +3.0% (pricing +3.5 pp; volume/mix -0.5 pp). Emerging Markets led growth (reported $4,149M, +11.4%; organic +6.3%), Developed Markets reported $5,931M, +6.1% (organic +0.8%).

Profitability

Gross profit $2,803M, +15.3%; gross margin 27.8% (+170 bps). Operating income $808M, +18.8%; operating margin 8.0% (+70 bps). These reported gains were materially driven by favorable year‑over‑year mark‑to‑market derivative effects.

Adjusted performance

On a non‑GAAP (adjusted) basis: Adjusted Gross Profit $3,091M (margin 30.7%), Adjusted Operating Income $1,182M (margin 11.7%). At constant FX, adjusted gross profit and operating income declined (Adj. GP -5.4% cc; Adj. Op Income -19.0% cc), reflecting higher input costs, weaker volume/mix, increased advertising/promotions and ERP program and restructuring costs.

Earnings and shares

Diluted GAAP EPS $0.44 (+41.9% YoY) driven largely by favorable mark‑to‑market items. Adjusted EPS $0.67 (down 14.9% on a constant‑currency basis). Diluted average shares ~1,286 million (slightly below prior year).

Cash flow and capital return

Net cash provided by operating activities ~$0.47B; Free Cash Flow ~$0.16B (report notes $0.2B). Return of capital to shareholders was ~$0.64B in the quarter (dividends paid $644M; no share repurchases reported in Q1).

Balance sheet and leverage

Cash and cash equivalents $1,524M at March 31, 2026. Total debt $21,024M; net debt $19,500M (up ~$420M vs Dec 31, 2025). Capital expenditure in Q1 was $312M.

Guidance

Mondelēz International, Inc. reaffirms full‑year 2026 outlook: Organic Net Revenue growth flat to +2% and Adjusted EPS growth flat to +5% (both on a constant‑currency basis). The company expects 2026 Free Cash Flow of approximately $3.0 billion and estimates currency translation would add ~2.0 pp to reported net revenue growth and ~$0.063 to Adjusted EPS.