Q1 2026 Mondelez International Inc Earnings Call Transcript
Key Points
- Mondelez International Inc (MDLZ) reported strong growth in emerging markets, with a 6.3% increase in Q1, driven by robust performance in key regions like India and Brazil.
- The company experienced a successful Easter season, contributing to share improvements in several markets, particularly in Europe and Australia.
- Mondelez International Inc (MDLZ) saw positive momentum in North America, with net revenue growth driven by strong performance in growth channels and brands like RITZ and Sour Patch Kids.
- The company is optimistic about its innovation strategy, focusing on well-being products, premium chocolate, and successful partnerships like Biscoff, which are gaining traction.
- Mondelez International Inc (MDLZ) has completed most of its European retailer negotiations, aligning with expectations and setting a positive outlook for the remainder of the year.
- Consumer confidence in the US remains low, with concerns about affordability, economic outlook, and job security, potentially impacting future sales.
- The Middle East conflict poses risks, leading to increased costs and uncertainties in the market, which could affect profitability.
- Mondelez International Inc (MDLZ) reaffirmed its EPS guidance despite a strong start to the year, indicating caution due to potential headwinds.
- The company faces challenges in the US biscuit market, with flat value growth and a need to improve performance in brands like Oreo.
- There are ongoing concerns about the impact of cocoa price volatility on the competitive environment and cost management in Europe.
Good afternoon and welcome to the MondelÄz International first-quarter 2026 earnings question-and-answer session.
(Operator Instructions)
On today's call are Dirk Van De Put, Chairman and CEO; Luca Zaramella, COO and CFO; and Shep Dunlap, SVP of Investor Relations.
Earlier this afternoon, the company posted a press release and prepared remarks, both of which are available on its website.
During this call, the company will make forward-looking statements about performance. These statements are based on how the company sees things today. Actual results may differ materially due to risks and uncertainties.
Please refer to the cautionary statements and risk factors contained in the company's 10-K, 10-Q, and 8-K filings for more details on forward-looking statements.
As the company discusses results today, unless noted as reported, it will be referencing non-GAAP financial measures, which adjust for certain items included in the company's GAAP results. In addition, the company provides year-over-year growth on a constant-currency basis, unless otherwise
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