Mondelez Q2 revenue beats estimates, partly helped by higher pricing

Mondelez International

28/07/2026 21:23

Overview
Snack maker's Q2 revenue rose 4.1%, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations, though declined 2.7% on constant currency basis
Company announced a 4% increase to its quarterly dividend

Outlook
Mondelez expects at least 2% organic net revenue growth for 2026
Company maintains 2026 adjusted EPS growth in range of flat to 5% on constant currency
Mondelez expects 2026 free cash flow of about $3 bln

Result Drivers
PRICING AND VOLUME/MIX - Co said Q2 organic net revenue growth was driven by higher net pricing and favorable volume/mix
FAVORABLE DERIVATIVES IMPACT - Gross profit margin rose mainly due to a favorable year-over-year change in mark-to-market impacts from commodity and foreign currency derivatives
HIGHER RAW MATERIAL AND OTHER COSTS - Adjusted operating income and EPS were negatively affected by higher raw material costs, increased ERP implementation expenses and incremental costs due to geopolitical conflicts

Company press release: ID:nGNX9ZD1Fb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$9.36 bln
$9.20 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$0.73
$0.68 (16 Analysts)
Q2 EPS
 
$1.20
 
Q2 Adjusted Net Income
Beat
$943 mln
$855.83 mln (10 Analysts)
Q2 Net Income
 
$1.55 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 $68.00, about 12.1% above its July 27 closing price of $60.67
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
July 28 - Unilever lifts outlook on strongest volume growth in over a decade
July 28 - Family-owned companies have big appetites for US snack M&A
July 28 - Coca-Cola hails World Cup hydration breaks as it lifts annual forecasts

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.)