Mondelez reported fourth-quarter EPS of $0.72, topping consensus estimates of $0.70 and representing an 11% increase from the $0.65 posted in the year-ago period. Revenue rose to $10.3 billion, a 7% increase year-over-year and modestly above the $10.29 billion Street forecast. Management highlighted that pricing actions contributed roughly 5 percentage points to top-line growth, while volume gains added an additional 2 points, offsetting slower growth in developed markets.

The company faced persistent cocoa inflation pressures, with raw material costs up approximately 12% versus the prior year. Despite this headwind, Mondelez’s disciplined cost-saving initiatives delivered $450 million in productivity savings for the quarter. These efforts limited gross margin erosion to 80 basis points, with non-GAAP gross margin holding steady at 38.5%.

In North America, revenue grew 9%, driven by double-digit gains in salty snacks, particularly the Ritz and Wheat Thins brands. Europe sales climbed 5%, led by strong Oreo performance in Eastern markets. Emerging markets expanded 10%, led by Cadbury Dairy Milk in India and Milka in Latin America, where higher-price point offerings outperformed local staples by 300 basis points.

For fiscal 2026, Mondelez forecast organic revenue growth of 4%–5% and adjusted EPS in the range of $3.00 to $3.10, both slightly below consensus expectations of 5% top-line growth and $3.12 EPS. Management reiterated its commitment to achieving $1.5 billion in cost savings through 2026 and indicated it will continue to leverage pricing flexibility and efficiency programs to sustain margin expansion.