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Mondelēz International
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Latest analysis
Updated Oct 29, 2026
Mondelēz Q3 2026: Volume-led growth across EM and North America; Europe pricing laps to decelerate; FY27 EPS growth reaffirmed.
Mondelēz delivered positive organic volume growth across all three regions in Q3 2026, driven by distribution expansion in emerging markets (130k outlets added YTD in India, Brazil now >1M stores), promo discipline in North America, and improved share dynamics in Europe despite a 1% headwind from unseasonably hot weather. Management reaffirmed strong EPS growth guidance for 2027 on the back of volume-led momentum, productivity gains, and expected stabilization in Europe as chocolate pricing comparisons lap. The company announced a majority acquisition of Undercover Snacks, a better-for-you crispy quinoa snack brand, as a bolt-on to capture permissible indulgence demand; the deal is expected to close in early 2027.
Revenue
$38.5B
MDLZ 10-K · FY 2025
Employees
91,000
Revenue FY2024
$36.4B
Headquarters
Chicago, IL
Profile
MDLZ 10-K Item 1 · Feb 4, 2026Mondelēz International is one of the world's largest snack companies, selling chocolate, biscuits, baked snacks and adjacent categories in over 150 countries. The company's portfolio includes iconic global brands such as Oreo, Cadbury Dairy Milk, Milka and Toblerone. Operations are organized across four regional segments: Latin America, AMEA, Europe and North America.
Read filing description ↓ Collapse description ↑
Mondelēz International's purpose is to empower people to snack right. We sell our products in over 150 countries around the world. We are one of the world's largest snack companies with global net revenues of $38.5 billion and net earnings of $2.5 billion in 2025. Our core business is making and selling chocolate, biscuits and baked snacks. We also have additional businesses in adjacent, locally relevant categories including gum & candy, cheese & grocery and powdered beverages. Our portfolio includes iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. We strive to create a positive impact on the world and communities in which we operate while driving business performance. Our goal is to lead the future of snacking around the world by offering the right snack, for the right moment, made the right way. We aim to deliver a broad range of delicious, high-quality snacks that nourish life's moments, made with sustainable ingredients and packaging. We run our business with a long-term perspective and we believe the successful delivery of our strategic plan will drive consistent top- and bottom-line growth and enable us to create long-term value for our shareholders.
Primary products
- Biscuits & Baked Snacks
- Chocolate
- Gum & candy
- Beverages
- Cheese & grocery
Business segments
End markets
Geographies
Named customers
No single customer accounted for 10% or more of our net revenues from continuing operations in 2025.
“Our advantaged global footprint, operating scale and portfolio of brands have all significantly contributed to building our market-leading positions across most of the product categories in which we sell.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total net revenues increased from $36.4 billion in 2024 to $38.5 billion in 2025, driven by growth across the AMEA, Europe and Latin America segments partially offset by a decline in North America.
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