Mondelez beats Q1 revenue estimates, reaffirms 2026 organic net revenue growth

Mondelez International

28/04/2026 21:17

Overview

Global snack maker's Q1 net revenue rose 8.2%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Organic net revenue grew 3.0%, driven by higher pricing but offset by lower volume/mix

Outlook

Mondelez reaffirms 2026 organic net revenue growth of flat to 2%

Company expects 2026 adjusted EPS growth of flat to 5% on constant currency basis

Company sees 2026 free cash flow of about $3 bln

Result Drivers

HIGHER PRICING - Organic net revenue growth was driven by higher pricing, partially offset by lower volume/mix

INPUT COST INFLATION - Adjusted gross profit and operating income margins declined due to higher input cost inflation and unfavorable volume/mix

INCREASED EXPENSES - Higher advertising, promotion, and selling, general and administrative costs weighed on adjusted operating income

Company press release: ID:nGNX6NsX19

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$10.08 bln
$9.75 bln (16 Analysts)
Q1 Adjusted EPS
Beat
$0.67
$0.61 (19 Analysts)
Q1 EPS
$0.44
Q1 Adjusted Net Income
Beat
$859 mln
$783.24 mln (12 Analysts)
Q1 Net Income
$560 mln
Q1 Gross Margin
27.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy"

Wall Street's median 12-month price target for Mondelez International Inc is $67.00, about 16.7% above its April 27 closing price of $57.42

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)