Mondelez Q1 net revenue rises 8.2%, but adjusted EPS falls 14.9% to $0.67
Mondelez reported first-quarter 2026 net revenues of $10.08 billion, up 8.2%, and diluted EPS of $0.44, up 41.9%. The EPS gain was driven mainly by a favorable year-over-year swing in mark-to-market derivative impacts, while Adjusted EPS fell 14.9% on a constant currency basis to $0.67. The company reaffirmed its 2026 outlook, which matters to shareholders because the core earnings measure declined and the full-year targets were not changed.
Key points
- Net revenues were $10.08 billion, up 8.2%. Organic Net Revenue grew 3.0%, with volume/mix down 0.5 points.
- Diluted EPS was $0.44, up 41.9%, mainly from mark-to-market derivative impacts. Adjusted EPS was $0.67, down 14.9% at constant currency.
- Adjusted Operating Income decreased $261 million at constant currency, and Adjusted Operating Income margin fell 310 basis points to 11.7%.
- For 2026, the company reaffirmed Organic Net Revenue growth of flat to 2% and Adjusted EPS growth of flat to 5% on a constant currency basis, and expects Free Cash Flow of about $3 billion.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.