Summary
Mondelez International, Inc. reported a robust increase in net revenues for the first quarter of 2026, reaching $10.1 billion, an 8.2% rise compared to the prior year. This growth was primarily driven by higher net pricing and favorable currency movements, although partially offset by a less favorable volume/mix and the lapping of prior-year divestiture revenue. The company's focus on strategic priorities, including accelerating consumer-centric growth and driving operational excellence, continues to shape its performance amidst a dynamic macroeconomic environment. Despite an increase in reported net earnings and diluted EPS, Adjusted EPS saw a decline of 9.5% year-over-year (14.9% on a constant currency basis). This decrease was attributed to operating declines, higher income taxes, and increased restructuring and ERP system implementation costs. Management highlights ongoing efforts to mitigate inflationary pressures and supply chain challenges, while navigating trade and regulatory uncertainties, and geopolitical developments in regions like the Middle East and Ukraine. The company reiterates its belief in sufficient liquidity from operations and financing to meet its obligations and strategic investments.
Financial Highlights
53 data points| Revenue | $10.08B |
| Cost of Revenue | $7.28B |
| Gross Profit | $2.80B |
| SG&A Expenses | $1.92B |
| Operating Income | $808.00M |
| Interest Expense | $148.00M |
| Net Income | $560.00M |
| EPS (Basic) | $0.44 |
| EPS (Diluted) | $0.44 |
| Shares Outstanding (Basic) | 1.28B |
| Shares Outstanding (Diluted) | 1.29B |
Key Highlights
- 1Net revenues increased by 8.2% to $10.1 billion, driven by pricing and favorable currency impacts.
- 2Organic Net Revenue grew by 3.0%, primarily due to higher net pricing, although volume/mix was unfavorable.
- 3Reported Net Earnings increased significantly by 39.3% to $560 million, with Diluted EPS rising to $0.44.
- 4Adjusted EPS decreased by 9.5% to $0.67, reflecting operating challenges and increased costs from restructuring and ERP implementation.
- 5Segment operating income in Europe saw a significant decrease of 36.4%, mainly due to higher raw material costs and restructuring charges.
- 6North America segment operating income declined by 20.8%, driven by higher raw material costs and ERP implementation expenses.
- 7The company maintained a debt-to-capitalization ratio of 0.45 and has approximately $6.7 billion in remaining share repurchase capacity as of March 31, 2026.