Abstract
Mondelez will release its quarterly results on February 03, 2026 Post Market; this preview outlines consensus expectations for revenue, gross margin, net margin, and adjusted EPS, alongside segment dynamics and prevailing institutional views.
Market Forecast
The market’s current consensus points to Mondelez delivering total revenue of USD 10.31 billion for the current quarter, implying year-over-year growth of 6.92%. Based on recent performance patterns and internal forecasts, adjusted EPS is estimated at USD 0.70, EBIT is projected at USD 1.29 billion, and year-over-year growth rates for these metrics are expected at 6.16% and 6.38%, respectively; margin improvement depends on pricing and mix, with gross profit margin and net profit margin typically tracking seasonal pricing and cost normalization trends.
The company’s main business is Biscuits, Chocolate, Gum and Candy, Cheese and Grocery, and Beverages; segment outlook centers on steady demand resilience in Biscuits and Chocolate supported by pricing carryover and product mix improvements. The most promising segment is Biscuits, with last quarter revenue of USD 4.80 billion and continued year-over-year growth supported by brand strength, distribution breadth, and innovation.
Last Quarter Review
Mondelez’s previous quarter delivered total revenue of USD 9.74 billion, a gross profit margin of 26.81%, GAAP net profit attributable to the parent company of USD 0.74 billion, a net profit margin of 7.63%, and adjusted EPS of USD 0.73, with year-over-year revenue growth of 5.87% and adjusted EPS down 26.26%.
A notable highlight was quarter-on-quarter net profit growth of 15.91%, reflecting improved operating efficiency and disciplined cost management. Main business highlights were led by Biscuits at USD 4.80 billion, Chocolate at USD 3.08 billion, Gum and Candy at USD 1.05 billion, Cheese and Grocery at USD 0.60 billion, and Beverages at USD 0.22 billion.
Current Quarter Outlook
Core Biscuits Franchise
Biscuits remain the anchor of Mondelez’s portfolio, contributing USD 4.80 billion last quarter and representing the largest revenue share. The current quarter outlook hinges on sustained pricing carryover in key markets and a favorable product mix that emphasizes higher-margin brands. Retail inventory positions across North America and Europe have been stabilizing, which supports normalized sell-in and sell-through dynamics. Innovation cycles around core brands and portion-control formats provide incremental shelf appeal, while promotional investment appears consistent with past seasonal patterns, balancing volume recovery with margin discipline. With elasticity stabilizing relative to earlier price rounds, Biscuits’ revenue trajectory is expected to outpace company-level growth, while gross margin should benefit from easing input costs and ongoing productivity programs.
Chocolate Momentum and Mix
Chocolate, at USD 3.08 billion last quarter, continues to benefit from brand-led mix improvements and selective pricing. Seasonal demand in premium and gifting formats typically lifts category margins, and Mondelez’s portfolio skew supports mix accretion into the quarter. Cost normalization in cocoa sourcing remains a watchpoint; hedging and procurement strategies aim to mitigate volatility through cadence-based coverage and supplier diversification. Retail execution in emerging markets contributes to volume support, while developed-market mix enriches profitability, and that two-speed engine offers resilience. The baseline expectation is mid-single-digit revenue growth for Chocolate, with year-over-year margin performance subject to commodity dynamics but supported by pricing and scale efficiencies.
Gum and Candy Rebound Dynamics
Gum and Candy delivered USD 1.05 billion last quarter, reflecting a measured recovery in on-the-go channels and seasonal confectionery demand. The quarter ahead should see stable to improving trends where mobility and impulse purchases expand category throughput. Pack architecture innovation and targeted promotions align with retail merchandising calendars, supporting traffic capture in convenience and modern trade. Margin performance is influenced by sugar and packaging inputs; productivity measures help offset cost variability. Revenue growth is expected to be steady, with operating leverage improving as volumes recover, although mix effects can temper margin expansion if promotional intensity rises in certain markets.
Cheese and Grocery, Beverages: Stable Complement
Cheese and Grocery at USD 0.60 billion and Beverages at USD 0.22 billion function as complementary segments that stabilize the portfolio. These categories are less central to the growth algorithm but provide baseline volume continuity in distinct geographies. Price/mix is balanced against local competition and private label dynamics, and the segments’ operating cadence is primarily oriented toward maintaining shelf presence and ensuring supply reliability. Gross margin trajectory is typically modest compared with Biscuits and Chocolate, with productivity actions and selective SKU optimization preserving contribution.
Key Stock Price Drivers
Three factors are most likely to shape the stock’s reaction this quarter: margin progression versus expectations, cadence of revenue growth across Biscuits and Chocolate, and the balance of pricing versus volume in reported figures. If gross profit margin tracks toward prior levels while net margin shows improvement, the earnings quality narrative should strengthen. Conversely, any shortfall in adjusted EPS relative to USD 0.70, or signs of volume softness in core markets, may temper sentiment. Segment commentary around cocoa cost management and pricing elasticity will be closely watched, as will operating expense discipline and productivity impacts on EBIT.
Analyst Opinions
The prevailing institutional stance is broadly constructive based on segment resiliency, consistent pricing carryover, and cost normalization supporting margin recovery; bullish opinions outnumber bearish ones in recent commentary. Well-known sell-side voices emphasize the durability of Biscuits and Chocolate and the potential for mid-single-digit top-line growth, aligning with expectations for revenue of USD 10.31 billion and adjusted EPS of USD 0.70. The consensus thesis highlights mix improvements, productivity initiatives, and steady demand in developed markets as levers for EBIT of USD 1.29 billion, while acknowledging commodity sensitivities in cocoa and sugar that could influence gross margin pacing. The emphasis is on execution quality in price-pack architecture and innovation cadence, with the majority view anticipating a modest beat or in-line outcome supported by disciplined cost control.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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