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Mondelez International (DE:KTF)
XETRA:KTF
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.63Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously constructive outlook: management highlighted strong execution in 2025 (chocolate playbook, Biscoff success, emerging markets momentum, premium brand growth) and a multi-year plan to rebuild marketing spend and modernize the supply chain. Near-term headwinds include a ~ $1B Q1 inventory accounting impact, North American volume softness (biscuits down ~4% in recent months), northern European elasticity, and 2026 hedged cocoa costs that create short-term uncertainty. Management expects cocoa normalization to materially improve chocolate margins in 2027 and is positioning to invest behind growth while remaining agile in 2026.Company Guidance
Chocolate category resilience and disciplined execution
Mondelez reports the chocolate category remained resilient in 2025 despite significant price increases; the company executed its playbook (list pricing and price-pack architecture) successfully in many markets (notably India, Brazil, Australia, South Africa and ~50% of European markets). Penetration held while frequency and quantity declined, informing targeted recovery actions.
Successful Biscoff collaboration and stepped-up innovation agenda
The Biscoff collaboration was described as "very successful" in 2025 and will be expanded in 2026; management highlighted a strong innovation pipeline led by Biscoff and other European initiatives to drive re-engagement and growth.
Cocoa price normalization expected to drive 2027 margin tailwind
Cocoa prices declined suddenly to levels more in line with historical averages; while 2026 is impacted by existing hedges, management expects a considerable margin improvement for chocolate in 2027 as lower cocoa costs flow through.
Emerging markets momentum (high-single-digit growth)
Emerging markets finished the year around high single digits and are expected to remain a growth engine in 2026 (management expects emerging markets to continue at high single-digit growth, contributing to a 0–2% consolidated organic sales outlook).
Planned recovery and increase in brand investment (A&C)
Advertising & Consumer (A&C) spend was deliberately reduced in 2025 but management plans to step up working media in 2026 and again in 2027; A&A was down ~25% year-over-year in 2025 vs 2024, and the company expects to more than recover that pullback across 2024–2026.
Strong performance from premium and protein-led brands
Select premium and protein offerings (e.g., Perfect Bar, Clif Builders Bar, premium chocolate/date SKUs) are growing strongly (management cited double-digit growth for these franchisees), supporting portfolio resilience and premiumization.
Supply-chain modernization and cocoa sourcing diversification
Mondelez is executing a multi-year supply-chain modernization program (3–4 years) to improve efficiency and network flexibility, and is investing in geographic diversification of cocoa supply (Ecuador, Brazil, other Latin America and some Asian sourcing) and exploring lab-grown cocoa to reduce long-term supply risk.
Prudent guidance with neutral-to-slightly-positive chocolate price-cost balance
2026 guidance was framed conservatively (organic sales 0–2%); chocolate pricing is expected to be broadly flat in 2026 with management targeting a neutral-to-slightly-positive net price-to-cost relationship for chocolate in the year given pipeline hedges and planned investments.
DE:KTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:KTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | €50.47 | €50.24 | -0.46% |
Oct 28, 2025 | €52.61 | €49.27 | -6.35% |
Jul 29, 2025 | €59.71 | €56.30 | -5.71% |
Apr 29, 2025 | €55.86 | €59.05 | +5.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mondelez International (DE:KTF) report earnings?
Mondelez International (DE:KTF) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is Mondelez International (DE:KTF) earnings time?
Mondelez International (DE:KTF) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Mondelez International stock?
The P/E ratio of Mondelez International is N/A.
What is DE:KTF EPS forecast?
DE:KTF EPS forecast for the fiscal quarter 2026 (Q1) is 0.52.
