Mondelez Q3 adjusted EPS beats estimates on higher net pricing
Overview
Snacking giant's Q3 organic net revenue grew 2.1% yr/yr
Adjusted EPS for Q3 beat analyst expectations
Company agreed to acquire Undercover Snacks to expand in permissible indulgence segment
Outlook
Mondelez reaffirms 2026 organic net revenue growth of at least 2%
Company expects 2026 adjusted EPS growth of flat to 5% on constant currency basis
Mondelez expects 2026 free cash flow of about $3 bln
Result Drivers
VOLUME/MIX AND PRICING - Co said organic net revenue growth was driven by favorable volume/mix and higher net pricing
LOWER COSTS - Co attributed higher adjusted gross profit margin to lower raw material and manufacturing costs, as well as productivity gains
SHARE COUNT - Adjusted EPS growth was supported by a lower number of shares outstanding
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Beat | $0.78 | $0.71 (17 Analysts) |
Q3 EPS | $1.02 | ||
Q3 Adjusted Net Income | Beat | $992 mln | $906.38 mln (12 Analysts) |
Q3 Net Income | $1.31 bln | ||
Q3 Gross Margin | 39.40% |
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(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.)