Mondelez jumps as Q1 revenue beats and guidance held amid cocoa-cost pressure
Mondelez shares are higher after the company reported Q1 2026 results on April 28, with net revenue up 8.2% to $10.08 billion and organic net revenue up 3.0%. Adjusted EPS of $0.67 topped expectations, and management reaffirmed full-year 2026 guidance and about $3 billion in free cash flow.
1) What’s moving the stock
Mondelez (MDLZ) is moving higher in Wednesday trading (April 29, 2026) after posting first-quarter 2026 results late Tuesday. The report showed resilient top-line performance and an earnings beat versus analyst expectations, helping investors look past ongoing profit pressure tied largely to cocoa-cost inflation.
2) The headline numbers
For Q1 2026, Mondelez reported net revenues of $10.08 billion, up 8.2% year over year, and organic net revenue growth of 3.0% (with volume/mix slightly negative). Adjusted EPS was $0.67, which exceeded widely-circulated estimates even as the company noted margin pressure from cocoa costs phasing through results.
3) Outlook and what investors are keying on next
Management reaffirmed its full-year 2026 framework, including organic net revenue of flat to +2%, adjusted EPS growth of flat to +5% (constant currency), and approximately $3 billion of free cash flow. The next key debates for the stock are how quickly pricing, productivity, and mix can offset cocoa-driven cost headwinds, and whether elasticities remain contained as pricing actions continue to flow through global snack categories.