Mondelz International, Inc. reported its third-quarter 2026 results on October 29, 2026, highlighting strong growth across net revenues and earnings. Net revenues for the quarter totaled $9,967 million, representing a 2.3% increase compared to the prior year. This growth was driven by organic net revenue growth of 2.1% and favorable currency effects, partially offset by the lapping of prior-year net revenue from a divestiture. On a geographic basis, Latin America led growth with a 12.0% increase, while Asia, Middle East & Africa grew by 8.2%.
Operating performance showed significant improvement. Gross profit rose to $3,924 million, with a gross profit margin of 39.4%, an increase of 12.6 percentage points. Operating income reached $1,758 million, up 136.3% year-over-year, resulting in an operating income margin of 17.6%. Diluted earnings per share (EPS) increased by 78.9% to $1.02. Adjusted EPS was reported at $0.78, which increased 5.5% on a constant currency basis.
The company also provided an outlook for 2026. Mondelz reaffirmed its guidance for organic net revenue growth of at least 2% and adjusted EPS growth in the range of flat to 5% on a constant currency basis. The company expects 2026 free cash flow to be approximately $3 billion. Additionally, currency translation is estimated to increase 2026 net revenue growth by approximately 1.5% and increase adjusted EPS by $0.04.
In terms of capital allocation, Mondelz returned $2.8 billion to shareholders through the first nine months of 2026 via cash dividends and share repurchases. The company also announced an agreement to acquire Undercover Snacks, a producer of quinoa crisp snacks, as part of its strategy to expand in the high-growth permissible indulgence segment.
