Mondelez International, Inc. Q1 2026 Earnings Recap

Shares of Mondelez rose 6.3% post-earnings as the company delivered broad-based growth in emerging markets and stabilized trends in developed markets. Strong performances during key seasonal periods and early momentum in new product launches appeared to drive investor enthusiasm.

Key Takeaways

• Emerging markets grew 6.3% in Q1, with volume mix up 0.5% (and nearly 1% excluding Argentina); particularly robust results in India (double-digit growth), Brazil (high single digit), and China (mid-single digit).
• Developed markets, especially Europe and Australia/New Zealand, benefited from a robust Easter season and improved market share, supported by the Biscoff partnership.
• North America returned to slight net revenue growth, with share gains in crackers (notably Ritz) and continued growth in the North American ventures; Oreo performance was softer due to a limited time offer, but recovery plans are in place.
• Despite the “strong start,” management reaffirmed rather than raised EPS guidance, citing ongoing consumer cautiousness and planned reinvestment in the business.
• New product innovations and expanded distribution (notably Biscoff launches) contributed positively, with management expressing long-term optimism, especially in underpenetrated emerging markets.