stockrowLatest quarter
Mondelez reported third-quarter revenue of $10.0 billion against a consensus estimate of $10.0 billion; revenue was −0.10% against the consensus. Adjusted earnings per share were $0.78, above the $0.72 consensus estimate.
Revenue rose from $9.7 billion a year earlier. The company attributed the increase to favorable volume and product mix, higher net pricing and currency effects, partly offset by the absence of revenue from a divested business. Organic net revenue grew 2.10%, with volume and mix improving across regions. Mondelez reported that North American revenue rose while European revenue declined.
Diluted earnings per share rose to $1.02 from $0.57 a year earlier. The filing attributed the increase partly to changes in the value of commodity and currency derivatives and acquisition-related items. Operating margin increased to 17.6% from 7.64%, while adjusted operating margin reached 13.9%; the filing cited lower raw material and manufacturing costs among the drivers of the adjusted margin increase.
Mondelez generated $992.0 million in quarterly free cash flow, compared with $418.0 million a year earlier.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $10.0 billion | $9.7 billion | 2.29% |
| Diluted EPS | $1.02 | $0.57 | 79.3% |
| Gross margin | 39.4% | 26.8% | 12.6 percentage points |
| Operating margin | 17.6% | 7.64% | 10.0 percentage points |
| Free cash flow | $992.0 million | $418.0 million | 137.3% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.78 | $0.72 | Beat by 8.33% |
| Revenue | $10.0 billion | $10.0 billion | In line |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
Mondelez’s latest earnings call was not available for review, so its management commentary cannot be reported.
Guidance
Mondelez reaffirmed its full-year organic net revenue and constant-currency adjusted EPS growth outlooks. Its full-year free cash flow outlook was also unchanged from the previous forecast.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Operating income, non-GAAP | Q4 FY2026 | Mondelez expects strong non-GAAP operating income growth in Q4 FY2026. | — | — |
| Units, non-GAAP | Q4 FY2026 | Mondelez expects volume mix to grow in Q4 FY2026. | — | — |
| Market share, North America | Q4 FY2026 | Mondelez expects good market-share momentum in North America in Q4 FY2026. | — | — |
| EPS, non-GAAP | FY2027 | Mondelez expects strong non-GAAP EPS growth in FY2027. | — | — |
| Revenue | FY2027 | Mondelez expects volume-led revenue growth in FY2027. | — | — |
| Units, Europe | Q4 FY2026 | Mondelez expects positive volume growth in Europe in Q4 FY2026. | — | — |
| Free cash flow, non-GAAP | FY2026 | $3.0 billion | $3.0 billion | Held |
| Revenue growth, Non Gaap; organic | FY2026 | 2.00% | — | New |
| Revenue growth | FY2026 | 2.00% | — | New |