01—Abstract
Summary
Summary of the 10-Q filed July 28, 2026. Cited figures are marked; the original filing is the authoritative source.
Mondelez International, Inc. reported robust financial performance for the quarter and six months ended June 30, 2026.
Net revenues increased by 4.1%a and 6.2% respectively, driven by a combination of favorable currency movements, higher net pricing, and positive volume/mix. The company demonstrated strong profitability, with operating income soaring by 66.0% in the quarter and 48.7% in the year-to-date period. Diluted Earnings Per Share (EPS) saw significant growth of 144.9% for the quarter and 105.0% for the year-to-date, reflecting improved operational efficiency and favorable accounting adjustments.
Despite global economic uncertainties and inflationary pressures, Mondelez continues to execute its strategy, focusing on accelerating consumer-centric growth and driving operational excellence. The company highlighted that while input costs, particularly for cocoa, remain elevated, they are managing these pressures through strategic pricing and hedging. Management remains optimistic about future growth prospects, supported by strong brand portfolio and strategic initiatives, though they acknowledge ongoing volatility in the macroeconomic environment.
02—Key points
Key Highlights
- Net revenues increased 4.1% to $9.4 billion for the three months ended June 30, 2026, and 6.2% to $19.4 billion for the six months ended June 30, 2026.
- Operating income grew significantly, up 66.0% to $1.9 billion for the quarter and 48.7% to $2.8 billion year-to-date.
- Diluted EPS attributable to Mondelēz International more than doubled, reaching $1.20 for the quarter and $1.64 year-to-date.
- Organic Net Revenue grew 2.2% for the quarter and 2.6% year-to-date, driven by higher net pricing and favorable volume/mix.
- The company maintained a strong balance sheet with total assets of $71.2 billion and total liabilities of $44.6 billion as of June 30, 2026.
- Cash from operations provided $1.3 billion for the six months ended June 30, 2026, demonstrating continued operational cash generation.
- The company declared a quarterly cash dividend of $0.52 per share, a 4% increase, underscoring commitment to shareholder returns.
03—Questions
Frequently Asked Questions
What were the main drivers of revenue growth in the period?
Revenue growth was primarily driven by favorable currency-related items, as several operating currencies strengthened against the U.S. dollar, coupled with higher net pricing and a favorable volume/mix. This growth was partially offset by lapping prior year net revenue from a divestiture.
How did the company manage rising input costs, particularly cocoa prices?
Mondelez International is managing elevated input costs, including cocoa, through a combination of strategic pricing actions, commodity hedging programs, and ongoing efforts to control manufacturing and overhead costs. While cocoa prices moderated from prior year peaks, they remain elevated compared to historical levels. The company's hedging strategies aim to mitigate price volatility.
What is the company's outlook on its financial performance and the broader economic environment?
The company maintains a positive outlook for future snacks revenue growth, anticipating ongoing volatility due to macroeconomic and geopolitical uncertainties. They are proactively managing their business to respond to the evolving global economic environment while prioritizing employees and customers. Management is focused on executing strategic priorities to drive long-term value for shareholders.
How is the company returning value to shareholders?
Mondelez International is returning value to shareholders through a combination of quarterly cash dividends and share repurchases. The company recently declared a quarterly cash dividend of $0.52 per share, representing a 4% increase, and has a substantial remaining authorization for share repurchases under its existing program.
04—Continue