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Can Mondelez Build on 2.5% Growth in Biscuits and Baked Snacks?
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Key Takeaways
Mondelez's biscuits and baked snacks posted 2.5% organic growth in Q2, with volume/mix up 1.3 points.
Oreo, Ritz and other brands grew, while U.S. biscuit share gains improved Mondelez's overall share trend.
Europe stayed solid, and Emerging Markets accelerated, while North America was flat with soft frequency.
Mondelez International, Inc. (MDLZ - Free Report) is seeing solid momentum in biscuits and baked snacks, with broad-based brand growth, positive volume/mix and improving share trends providing a favorable backdrop. The category remains an important part of the company’s snacking portfolio, while innovation, pack formats, distribution and new consumption occasions offer additional avenues to sustain growth.
Biscuits and baked snacks delivered 2.5% organic net revenue growth in the second quarter of 2026, with volume/mix increasing 1.3 percentage points. Oreo, Ritz, Chips Ahoy!, Give & Go, LU, Grenade, Perfect, Zbar and Builders all posted growth. U.S. biscuit share gains were also a key contributor to the sequential improvement in Mondelez’s overall share performance from the first quarter.
Regional trends were encouraging. In North America, the biscuit category remained flat, while Mondelez gained share and maintained stable penetration. Frequency, however, remained soft. Europe delivered solid biscuit growth, with Mondelez holding share. Emerging Markets also showed signs of accelerating biscuit growth as snacking spending continued to expand.
Image Source: Zacks Investment Research
Mondelez is also working to broaden consumption occasions and product formats. Ritz Minis and Ritz Drizzled supported on-the-go occasions and helped Ritz deliver a 0.2 percentage-point year-to-date value share gain. In India, the Biscoff biscuit launch contributed significantly to growth and was ahead of internal projections. The company is also expanding single-serve, variety and club packs, particularly in North America.
Mondelez has several levers to build on the 2.5% growth in biscuits and baked snacks, including broad brand gains, positive volume/mix, improving share trends and continued innovation. Growth in Europe and signs of acceleration in Emerging Markets add support, while the flat North American biscuit category and soft purchase frequency remain key watchpoints.
Shares of this Zacks Rank #3 (Hold) company have rallied 19.7% year to date compared with the industry’s growth of 6.5%.
Better-Ranked Stocks to Consider
Darling Ingredients Inc. (DAR - Free Report) , a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
The Zacks Consensus Estimate for Darling’s current fiscal-year sales calls for 12.8% growth from the prior-year levels. The consensus estimate for current fiscal-year earnings per share (EPS) stands at $6.98, which implies substantial growth from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
The Vita Coco Company, Inc. (COCO - Free Report) , a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1. COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and earnings calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.
The Chefs' Warehouse, Inc. (CHEF - Free Report) is a distributor of specialty food and center-of-the-plate products across the United States, Canada and the Middle East. CHEF currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
View the Zacks #1 Rank List
Image: Bigstock
Can Mondelez Build on 2.5% Growth in Biscuits and Baked Snacks?
Key Takeaways
Mondelez International, Inc. (MDLZ - Free Report) is seeing solid momentum in biscuits and baked snacks, with broad-based brand growth, positive volume/mix and improving share trends providing a favorable backdrop. The category remains an important part of the company’s snacking portfolio, while innovation, pack formats, distribution and new consumption occasions offer additional avenues to sustain growth.
Biscuits and baked snacks delivered 2.5% organic net revenue growth in the second quarter of 2026, with volume/mix increasing 1.3 percentage points. Oreo, Ritz, Chips Ahoy!, Give & Go, LU, Grenade, Perfect, Zbar and Builders all posted growth. U.S. biscuit share gains were also a key contributor to the sequential improvement in Mondelez’s overall share performance from the first quarter.
Regional trends were encouraging. In North America, the biscuit category remained flat, while Mondelez gained share and maintained stable penetration. Frequency, however, remained soft. Europe delivered solid biscuit growth, with Mondelez holding share. Emerging Markets also showed signs of accelerating biscuit growth as snacking spending continued to expand.
Image Source: Zacks Investment Research
Mondelez is also working to broaden consumption occasions and product formats. Ritz Minis and Ritz Drizzled supported on-the-go occasions and helped Ritz deliver a 0.2 percentage-point year-to-date value share gain. In India, the Biscoff biscuit launch contributed significantly to growth and was ahead of internal projections. The company is also expanding single-serve, variety and club packs, particularly in North America.
Mondelez has several levers to build on the 2.5% growth in biscuits and baked snacks, including broad brand gains, positive volume/mix, improving share trends and continued innovation. Growth in Europe and signs of acceleration in Emerging Markets add support, while the flat North American biscuit category and soft purchase frequency remain key watchpoints.
Shares of this Zacks Rank #3 (Hold) company have rallied 19.7% year to date compared with the industry’s growth of 6.5%.
Better-Ranked Stocks to Consider
Darling Ingredients Inc. (DAR - Free Report) , a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
The Zacks Consensus Estimate for Darling’s current fiscal-year sales calls for 12.8% growth from the prior-year levels. The consensus estimate for current fiscal-year earnings per share (EPS) stands at $6.98, which implies substantial growth from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
The Vita Coco Company, Inc. (COCO - Free Report) , a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1. COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and earnings calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.
The Chefs' Warehouse, Inc. (CHEF - Free Report) is a distributor of specialty food and center-of-the-plate products across the United States, Canada and the Middle East. CHEF currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.