MDLZ
Mondelez International, Inc.53.97
-0.29-0.53%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Chocolate tweaks, cocoa flexibility detailed
Q&A spotlighted chocolate agility tweaks—PPA rollbacks in northern Europe after elasticity surprises, hefty brand investment hikes, Biscoff ramp-up—while sudden cocoa plunge adds guidance flexibility for rival reactions in 2026. North America grapples with consumer penny-pinching and biscuits down 4% volumes lately; no big price slashes planned, instead premium plays and a three-year supply chain revamp. Q1 cocoa inventory hit nears $1B. Volumes lift sequentially from emerging markets, EMEA, Europe. No volume growth eyed in North America. Prudent tone eyes 2027 chocolate margin surge; watch competition.
Key Stats
Market Cap
69.83BP/E (TTM)
20.21Basic EPS (TTM)
2.67Dividend Yield
0.04%Recent Filings
8-K
New $1.5B revolver signed
Mondelēz entered a new $1.5B 364-day revolving credit facility on February 18, 2026, maturing February 17, 2027, terminating its prior $1.5B agreement from February 19, 2025. SOFR-based rates apply, tied to debt ratings, with a $25B minimum shareholders' equity covenant. Funds support working capital and commercial paper. Flexibility shines: $500M expansion option.
10-K
FY2025 results
Mondelēz posted FY2025 net revenues of $38.5B, up 5.8% y/y, with Organic Net Revenue growth of 4.3% driven by 8.0pp pricing but offset by 3.7pp volume/mix declines from elasticity hits across regions. Q4 momentum faltered as higher cocoa and input costs overwhelmed pricing gains, slashing Adjusted Operating Income 15.5% (constant currency) to $4.98B amid biscuit softness in North America and volume drops in Europe. Margins compressed yet productivity and lower ad spend offered some relief. Debt rose to $21.2B on issuances, but $4.5B revolver remains untapped; $2.3B buybacks trimmed shares while dividends climbed 6% to $2.00 annualized. Cocoa volatility threatens Q1 momentum.
8-K
FY25 revenues up, EPS down
Mondelēz reported FY 2025 net revenues up 5.8% to $38.5B with organic growth of 4.3%, but volumes dropped 3.7 pp amid cocoa cost surges that hammered adjusted EPS down 14.6% to $2.92 on constant currency. Cash from operations hit $4.5B; returned $4.9B to shareholders. FY 2026 outlook: organic revenue flat to 2%, adjusted EPS flat to 5%. Cocoa headwinds crushed margins.
8-K
Zaramella named COO
Mondelēz appointed Luca Zaramella as COO effective February 1, 2026, atop his CFO role, overseeing commercial ops across four regions plus sales, marketing, and supply chain. A CFO search is underway. Zaramella's 2026 pay: $1.25M salary, 150% target incentive, $7.225M LTI. Leadership stays steady amid dynamic markets.
10-Q
Q3 FY2025 results
Mondelēz posted Q3 net revenues of $9.7B, up 5.9% y/y, with organic growth of 3.4% from higher pricing offset by volume/mix declines across regions. Operating income fell to $744M from $1.2B y/y, squeezed by soaring input costs—mainly cocoa and dairy—despite productivity gains; gross margin contracted sharply while SG&A dipped on lower ads. Diluted EPS dropped to $0.57 from $0.63, reconciling to 1,296M shares; YTD EPS of $1.37 aligns with 1,300M shares. Cash swelled to $1.4B, operating cash YTD at $2.1B (FCF $1.2B derived), total debt $21.3B with $4.5B revolver available and equity covenant met. Evirth acquisition closed Nov 2024 for $255M cash, adding $125M goodwill to AMEA. Pension settlements hit non-service costs. Cocoa volatility looms large.
IPO
Employees
Sector
Industry
BYCBF
Barry Callebaut AG
1575.00+90.00
CAG
ConAgra Brands, Inc.
17.74-0.20
CHLSY
CHOCOLADEFABRIKEN LINDT & SPRUE
13.76-0.73
GIS
General Mills, Inc.
47.02-0.04
HSY
The Hershey Company
188.15+0.04
K
Kellanova
83.44-0.01
KHC
The Kraft Heinz Company
24.68+0.18
PEP
Pepsico, Inc.
150.37-0.85
SMPL
The Simply Good Foods Company
19.11-0.19
TR
Tootsie Roll Industries, Inc.
37.66-0.17