Summary
Mondelez International, Inc. (MDLZ) reported solid revenue growth for the second quarter and the first six months of 2025, driven by price increases and a strategic acquisition. Net revenues increased by 7.7% to $9.0 billion in the second quarter and 3.8% to $18.3 billion for the first six months. Organic Net Revenue, a non-GAAP measure excluding acquisitions, divestitures, and currency impacts, also showed healthy growth of 5.6% for the quarter and 4.3% year-to-date. This growth was primarily fueled by higher net pricing across most regions, partially offset by unfavorable volume/mix and increased input costs, particularly for cocoa. Despite revenue growth, the company experienced a significant decline in net earnings and diluted EPS for the six-month period, largely due to a substantial increase in mark-to-market losses on derivatives, higher input costs, and ERP system implementation costs. The second quarter showed a better trend with increased net earnings and diluted EPS year-over-year, benefiting from a favorable year-over-year change in derivative impacts and acquisition-related items. Investors should note the ongoing challenges from elevated commodity costs, especially cocoa, and the significant investments in the new ERP system, which are expected to impact profitability in the short term, even as the company focuses on long-term value creation.
Financial Highlights
54 data points| Revenue | $8.98B |
| Cost of Revenue | $6.05B |
| Gross Profit | $2.94B |
| SG&A Expenses | $1.73B |
| Operating Income | $1.17B |
| Interest Expense | $151.00M |
| Net Income | $641.00M |
| EPS (Basic) | $0.49 |
| EPS (Diluted) | $0.49 |
| Shares Outstanding (Basic) | 1.29B |
| Shares Outstanding (Diluted) | 1.30B |
Key Highlights
- 1Net revenues increased by 7.7% to $8.98 billion in Q2 2025 and 3.8% to $18.3 billion for the first six months of 2025, compared to the prior year periods.
- 2Organic Net Revenue, a non-GAAP measure, grew 5.6% in Q2 and 4.3% year-to-date, driven primarily by higher net pricing.
- 3Diluted EPS attributable to Mondelēz International increased 8.9% to $0.49 in Q2 2025, but decreased significantly by 46.3% to $0.80 for the first six months of 2025 due to various unfavorable items, including mark-to-market derivative impacts and higher input costs.
- 4Adjusted EPS, a non-GAAP measure, decreased by 12.0% in Q2 2025 and 16.5% year-to-date, reflecting operating declines and higher expenses, partially offset by fewer shares outstanding and acquisition impacts.
- 5The company completed the acquisition of Evirth (Shanghai) Industrial Co., Ltd. in November 2024, contributing incremental net revenues of $102 million in Q2 2025 and $201 million year-to-date.
- 6Significant investments are being made in a new global ERP and supply chain systems transformation program, with $1.2 billion funded over four years, expected to impact operating expenses.
- 7The company announced a 6% increase in its quarterly cash dividend to $0.50 per share, payable in October 2025, signaling confidence in future cash flows.