Earnings call analysis

Mondelez International (MDLZ) Q3 2026 Earnings Call: Guidance and Outlook

The company maintained its full-year 2026 outlook and reiterated its expectation for strong EPS growth in 2027.

About Mondelez International. Mondelez International, Inc. operates as a prominent global entity in the snack and beverage sector, focusing on the production, promotion, and distribution of a wide array of food items. Its extensive reach spans multiple continents, including North America, Latin America, Asia, the Middle East, Africa, and Europe.

Call date

Oct 29, 2026

Sentiment score

+35 Balanced

Management tone, -100 to +100

Sentiment change

vs Q2 2026 call

Sector

Consumer Staples, Food Products

Next report

Feb 2, 2027

View calendar

Quarterly guidance

Quarterly guidance: No quarterly guidance was given.

Annual guidance

2026 EPS: Maintained outlook.
2026 Top line: Maintained outlook.
2027 EPS: Reiterated forecast for strong growth.

Outlook

Emerging markets: The company expects continued strength and remains a strong engine of volume and top line growth.
Europe: Management expects increasing stabilization and continued momentum.
North America: The company expects continued momentum driven by promo discipline and innovation.
Cocoa market: The 2026-2027 cycle is projected to have a deficit of around 190,000 tonnes, though existing surplus supply is expected to absorb this.
Inflation: The company is seeing increased inflation in commodities like dairy, oil, and packaging, as well as freight.
Productivity: Management plans to accelerate productivity programs into 2027 to offset inflationary pressures.

Sources and method

Dombey's summary of the Mondelez International Q3 2026 earnings call held Oct 29, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

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