Mondelēz International reports higher revenue in Q3 2026

USA – Mondelēz International reported a 2.3% increase in net revenue to US$9.97 billion in the third quarter of 2026, supported by higher sales volumes, improved product mix and increased pricing across several markets, as the global snacking company continued to navigate changing consumer spending patterns and commodity cost pressures.

For the quarter ended September 30, 2026, organic net revenue increased by 2.1%, while volume and product mix contributed 1.8 percentage points to growth.

Diluted earnings per share (EPS) rose 78.9% to US$1.02, compared with the same period in 2025. Adjusted EPS reached US$0.78, representing a 5.5% increase on a constant-currency basis.

The company attributed its performance to broad-based volume growth, improved market share and stronger operating results across developed and emerging markets.

Gross profit margin increased by 1,260 basis points to 39.4%, benefiting from more favourable commodity and foreign exchange derivative valuations, lower raw material costs and manufacturing productivity improvements.

Adjusted operating income increased by US$199 million at constant currency, with its margin rising 190 basis points to 13.9%.

However, higher restructuring expenses, geopolitical costs and increased advertising and consumer promotion spending partially offset the improvement.

Regionally, Latin America delivered the strongest performance, with net revenue increasing 12% to US$1.39 billion.

Asia, Middle East and Africa (AMEA) recorded an 8.2% increase to US$2.18 billion, supported by 7.7% organic growth.

Emerging markets overall registered 4.9% revenue growth, while developed markets increased by 0.5%.

Europe recorded a 3.3% decline in reported revenue to US$3.55 billion, reflecting weaker organic performance and unfavourable volume and pricing trends.

North American revenue increased 1.1% to US$2.85 billion, supported by improved pricing and product mix.

Chief Executive Officer Dirk Van de Put said the company delivered strong quarterly results, driven by volume growth and improved market share.

He added that Mondelēz would continue investing in its brands, innovation and distribution networks to sustain growth across its global markets.

The company also announced an agreement to acquire Undercover Snacks, a manufacturer of crunchy quinoa crisps coated with chocolate and other ingredients.

The acquisition is intended to strengthen Mondelēz’s presence in the growing permissible indulgence category, which targets consumers seeking snacks that combine enjoyment with ingredients perceived as better-for-you options.

The move complements its existing portfolio of biscuits, chocolate and baked snacks.

For the first nine months of 2026, Mondelēz generated US$29.4 billion in net revenue, up 4.9% year on year.

Cash provided by operating activities reached US$2.6 billion, while free cash flow amounted to US$1.7 billion. The company also returned US$2.8 billion to shareholders through dividends and share repurchases during the period.

Looking ahead, Mondelēz reaffirmed its full-year 2026 outlook, expecting organic net revenue growth of at least 2% and adjusted EPS growth ranging from flat to 5% on a constant-currency basis. Free cash flow is projected at approximately US$3 billion.

For the global milling and food-processing industries, the results highlight the importance of volume growth, manufacturing efficiency and raw material cost management in supporting profitability.

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