Mondelez International reported fourth-quarter earnings of $0.72 per share, exceeding the consensus estimate of $0.70. Revenue for the period rose 7.2% year-over-year on a reported basis, driven by volume growth in emerging markets and strategic pricing actions in North America and Europe. Constant-currency revenue increased 5.8%, reflecting broad strength across the company’s snacking portfolio, including single-serve biscuits and seasonal confections.

Persistent inflation in cocoa commodity markets added approximately $240 million to input costs in Q4, representing a 12% increase versus the prior year quarter. Mondelez offset these headwinds through targeted price increases on premium chocolate brands and a global cost-savings program that realized $180 million in structural efficiencies. The company now expects full-year cocoa costs to exceed $800 million, but remains on track to deliver $600 million in net productivity gains for the fiscal year.

Reported operating profit declined to $665 million from $1.75 billion a year earlier, primarily due to a $920 million non-cash impairment charge in the adjacent chocolate business. Excluding this one-time item, adjusted operating income rose 3.5%. The biscuit segment delivered double-digit operating margin expansion, fueled by innovation in the U.S. snack crackers portfolio and market share gains in Latin America, while the gum and candy business grew revenue by 4%, aided by improved merchandising in travel retail channels.

For fiscal 2026, Mondelez forecasts revenue growth of 4% to 5% on a constant-currency basis, with adjusted EPS in the range of $3.00 to $3.06. This guidance factors in continued cocoa cost inflation of 6% to 8% year-over-year, partially offset by pricing and productivity initiatives. Management emphasized a return on invested capital target of 12% and confirmed plans to deploy $1.5 billion in share repurchases and dividends over the next twelve months, reinforcing its commitment to shareholder returns.