# Fundamentals #0046: Mondelez International: 3Q2026 results

Date: 2026-10-30 00:20
URL: https://heniu.blog/en/f-log/flog-2026-10-29-0046/
Author: Heniu (heniu.blog). Text license: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).

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Mondelez International (MDLZ) revenue in the third quarter was 9.97 billion USD (+2.3% y/y), and net income increased by 75.3% y/y to a level of 1.31 billion USD.

### Quarterly results

Operating income reached 1.76 billion USD (+136.3% y/y), while earnings per share (reported) and earnings per share (reported, basic) were 1.02 USD (+79.0% y/y). Adjusted earnings per share was at a level of 0.78 USD.

### Company guidance

The company expects free cash flows at a level of 3.00 billion USD.

### What management says

Management emphasized that consumer confidence in emerging markets remains resilient, and chocolate sales in Brazil are starting to rebound in terms of volume. According to management, the new promotion tactics in North America are yielding good results, and despite the weaker situation in China, the company views this market positively. Management indicated that surpluses will be reinvested in emerging markets and product innovations, and costs related to the war in the Middle East are included in the current guidance. According to management, cocoa inventories are at an appropriate level, allowing for the coverage of potential shortages, and regarding development, the company is not looking for large acquisitions, but rather targeted smaller purchases to fill regional and product gaps.