Abstract
Mondelez International will report quarterly results on July 28, 2026 Post-Mkt; this preview highlights consensus expectations for revenue, margins, and EPS alongside segment trends and analyst positioning.
Market Forecast
Consensus for the current quarter points to revenue of 9.20 billion US dollars, an EPS near 0.68, and EBIT around 1.20 billion US dollars, implying a 3.99% year-over-year revenue increase and roughly flat EPS on a comparable basis. Management’s framework and recent run-rate suggest a steady gross margin profile, with investors watching net profit margin stability and adjusted EPS growth pacing against modest demand and price-mix normalization.
Biscuits and chocolate remain the core revenue engines and are expected to deliver resilient growth supported by steady price/mix and improved availability. Gum and candy are seen as the most promising sub-portfolio in the near term given normalization of mobility and merchandising, with revenue momentum building from a smaller base and the highest room for year-over-year acceleration.
Last Quarter Review
In the previous quarter, Mondelez posted revenue of 10.08 billion US dollars, a gross profit margin of 27.81%, GAAP net income attributable to shareholders of 560.00 million US dollars, a net profit margin of 5.56%, and adjusted EPS of 0.67, with revenue up 8.24% year over year and adjusted EPS down 9.46% year over year. Quarter-on-quarter, net profit declined by 15.79%, reflecting seasonal phasing and non-operational items, while core categories maintained share gains in key markets.
Core business trends were led by biscuits at 4.54 billion US dollars and chocolate at 3.60 billion US dollars, while gum and candy reached 1.05 billion US dollars, complemented by meals at 0.61 billion US dollars and beverages at 0.28 billion US dollars. The company benefited from price mix and productivity savings, with category momentum offset by higher input costs and brand investment timing.
Current Quarter Outlook
Main business: Biscuits and Chocolate
The company’s primary revenue streams are biscuits and chocolate, which together accounted for the majority of sales last quarter. In the current quarter, the revenue forecast of 9.20 billion US dollars implies a normalization from the prior quarter’s seasonal peak; within that, biscuits and chocolate should track mid-single-digit growth supported by sustained price realization and resilient consumer demand in developed markets. Category elasticity has remained manageable as the company balances promotional support with brand equity, while distribution and on-shelf availability remain healthy in key channels. Margin performance will hinge on procurement cost trajectories and the cadence of brand investments, with gross margin stability expected if commodity and logistics costs remain contained.
Most promising business: Gum and Candy
Gum and candy, while smaller in absolute revenue, offers the largest near-term growth runway as mobility-sensitive occasions and impulse channels continue to normalize. The base effect from the prior year and improved merchandising in convenience and travel retail can support year-over-year acceleration off the 1.05 billion US dollars level seen last quarter. If the company sustains favorable mix within candy and leverages refreshed innovation in gum, this sub-portfolio can outgrow the corporate average and contribute incremental margin given operating leverage in manufacturing and route-to-market efficiencies. The key watch items are elasticity in emerging markets and the sustainability of traffic recovery in high-impulse channels.
Key stock price drivers this quarter
Margin trajectory is likely the pivotal variable for the share price reaction, as consensus already embeds a 3.99% revenue increase and an EPS around 0.68. Any upside surprise from gross profit margin, driven by easing input costs or productivity savings, would increase confidence in the full-year algorithm and support multiple stability. Conversely, a miss on EPS stemming from elevated A&P or FX headwinds could narrow operating leverage and weigh on sentiment. Category share trends in biscuits and chocolate, along with commentary on pricing cadence and volume recovery in core markets, will also be decisive for investor expectations into the second half.
Analyst Opinions
Across recent commentaries, the majority view skews bullish, emphasizing resilient snacks demand, pricing depth, and continued productivity benefits supporting low- to mid-single-digit top-line growth with stable margins. Analysts highlight that an in-line revenue print near 9.20 billion US dollars with EPS around 0.68 would be acceptable if gross margin trends and guidance commentary indicate sustained cost tailwinds and measured reinvestment. The constructive stance also points to biscuits and chocolate share gains and an improving trajectory in gum and candy as catalysts for the second half. On balance, the prevailing perspective anticipates a solid execution quarter with limited downside risk if category momentum and pricing discipline hold steady.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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