Mondelez Reports Higher 1Q Profit, Revenue on International Growth

By Elias Schisgall

Mondelez International reported a higher profit and revenue in the first quarter boosted by double-digit growth in Latin America and the Asia, Middle East, and Africa region.

The food company, whose brands include Oreo and Cadbury, on Tuesday logged a profit of $560 million, or 44 cents a share, compared with $402 million, or 31 cents a share, a year earlier.

Stripping out certain one-time items, the company posted adjusted earnings of 67 cents a share, ahead of analysts' estimates of 61 cents a share, according to FactSet.

Revenue rose to $10.08 billion, up from $9.31 billion a year prior. Analysts polled by FactSet were expecting $9.75 billion in revenue.

Mondelez's fastest growing region was Asia, the Middle East, and Africa, where revenue rose 14% year-over-year. Revenue from Latin America grew 12%, while European revenue grew 9%. Revenue in North America ticked up 0.5%.

"These results reflect strong execution of our consumer-centric strategy supported by increased investments behind our brands and growth platforms despite ongoing macro volatility," Chief Executive Officer Dirk Van de Put said.

The company reaffirmed its outlook of organic net revenue growth in the range of flat to 2% this year, with adjusted earnings per share expected to grow in a range of flat to 5% on a constant currency basis.

Free cash flow this year is expected to be around $3 billion, the company said.

The company said its outlook doesn't reflect any potential tariff changes to United States-Mexico-Canada Agreement-compliant trade, adding that the forecast "is provided in the context of greater than usual volatility, including geopolitical, trade and regulatory uncertainty and commodity prices."

Shares of Mondelez were up 1.8% to $59.57 in after-hours trading Tuesday. The stock closed up 2% at $58.55, up 8.8% this year.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

April 28, 2026 16:34 ET (20:34 GMT)