Mondelez Q3 adjusted EPS beats estimates on higher net pricing

By Reuters News


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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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.)

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