Mondelez Q3 2026: adjusted EPS beats as volume returns
Mondelēz beat the $0.73 adjusted EPS consensus with $0.78 and grew revenue 2.3% to $9.97 billion, while volume/mix added 1.8 points. The catch is quality: reported gross margin was flattered by derivative mark-to-market swings, and year-to-date adjusted EPS is still down 4.1% at constant currency. Read the quarter as a solid volume-led rebound, not yet a full-year re-rating.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.02, up 78.9%, while adjusted EPS was $0.78, up 5.5% at constant currency. The adjusted figure beat the $0.73 consensus by about $0.05, or 7.5%. The gap between GAAP and adjusted EPS is large because the release credits favorable mark-to-market derivative swings and acquisition-related items for much of the GAAP increase.
Revenue was $9.97 billion, up 2.3% from $9.74 billion, with organic growth of 2.1%. Volume/mix contributed 1.8 points and pricing only 0.3 points, so this was a volume-led quarter. Biscuits and baked snacks were the biggest block at $4.89 billion, or 49.1% of revenue.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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