Q2 2026 Mondelez International Inc Earnings Call Transcript
Key Points
- Mondelez International Inc (MDLZ) reported strong top-line growth of 4.4% in Q2, driven by robust performance in emerging markets.
- The company expanded its distribution network significantly, adding 100,000 stores in India and reaching 1 million stores in Brazil.
- Mondelez International Inc (MDLZ) gained market share in all categories in North America, with strong growth in the value channel and away-from-home segments.
- The company has a strong innovation pipeline, with successful products like Ritz Drizzled, Sour Patch Kids Chews, and Oreo contributing to growth.
- Mondelez International Inc (MDLZ) is investing heavily in brand reinvestment and innovation, with plans to accelerate these efforts in the second half of the year.
- Consumer confidence in North America remains subdued due to inflation and economic concerns, impacting purchasing behavior.
- The company faces challenges in China, where consumer confidence is softer, although gradual improvement is expected.
- Mondelez International Inc (MDLZ) is experiencing incremental costs from the Middle East conflict, affecting financial performance.
- The European market has been impacted by a heat wave, affecting chocolate consumption and leading to lower-than-expected Q2 results.
- Cocoa price volatility poses a risk, although the company is taking steps to mitigate its impact on future earnings.
Good afternoon, and welcome to the Mondelez International second-quarter 2026 earnings question-and-Answer Session. (Operator Instructions)
On today's call are Dirk Van de Put, Chairman and CEO; Luca Zaramella, COO; Amit Banati, 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, we 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 noted. You can find
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