Mondelez reported fourth-quarter earnings of $0.72 per share, exceeding the consensus estimate of $0.70. Revenue for the quarter rose 6% year-over-year on a reported basis, driven by strong pricing execution in North America and double-digit growth in emerging markets. These results compare favorably with the same period last year, when earnings were $0.65 per share and revenue growth was 4%.

The company experienced a 12% increase in raw cocoa costs versus the prior year, but offset this headwind through targeted price increases averaging 3.5% across its key snack brands. Operational efficiency initiatives delivered $200 million in cost savings during the quarter, helping to protect margins despite sustained commodity pressures.

Net income attributable to shareholders was $665 million, down from $1.75 billion in the prior-year quarter, primarily reflecting a one-time non-cash impairment charge related to restructuring and elevated input costs. Adjusted operating margin contracted by 120 basis points to 16.8%, yet remained above the company’s long-term target range due to disciplined expense management.

For fiscal 2026, Mondelez forecasts organic revenue growth of 4% to 5% and adjusted EPS between $3.25 and $3.35, both below average sell-side projections of 6% growth and $3.40 EPS. Management cited consumer trade-down trends in higher-priced chocolate segments and continued volatility in global commodity markets as factors weighing on the outlook.