Mondelez Q2 revenue beats estimates, partly helped by higher pricing
MDLZ•Outlook
- Mondelez expects at least 2% organic net revenue growth for 2026
- Company maintains 2026 adjusted EPS growth in a range of flat to 5% on a constant currency basis
- Mondelez expects 2026 free cash flow of about $3 bln
Overview
- Snack maker's Q2 revenue rose 4.1%, beating analyst expectations
- Adjusted EPS for Q2 beat analyst expectations, though declined 2.7% on a constant currency basis
- Company announced a 4% increase to its quarterly dividend
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
Key details and analyst coverage
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