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Mondelez Readies for Q3 Earnings: Key Things to Watch for MDLZ

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Key Takeaways

  • Mondelez's Q3 revenues may rise 2.4% to nearly $10 billion, while EPS is expected to fall 1.4%.
  • North American momentum, emerging market strength and Europe's improving volumes may aid Mondelez.
  • Inflation, cautious consumer spending and elevated input costs may pressure Mondelez's Q3 margins.

Mondelez International, Inc. (MDLZ - Free Report) is likely to witness top-line growth when it reports third-quarter 2026 earnings on Oct. 29. The Zacks Consensus Estimate for revenues is pegged at almost $10 billion, indicating a 2.4% increase from the year-ago reported number. 

The consensus mark for earnings has risen by a cent over the past 30 days to 72 cents a share, which, however, suggests a 1.4% drop from the year-ago period’s figure. MDLZ has a trailing four-quarter surprise of 5.8%, on average.

Factors Likely to Influence MDLZ’s Upcoming Results

Mondelez International's third-quarter results are likely to benefit from sustained snacking demand, improving volume trends and market share gains. North America's momentum, supported by disciplined promotional execution, refined price-pack offerings and innovation, may have aided performance. Expansion across online, convenience and value channels is likely to have provided additional support.

Resilient consumer spending across Emerging Markets is expected to have supported growth. Continued distribution expansion in India, strength across Brazil, Mexico and Southeast Asia, and favorable pricing strategies may have contributed to performance. Innovations such as Biscoff biscuits and Cadbury Milkinis in India, alongside value packs and premiumization, are likely to have strengthened demand.

Europe's improving volume trends and stabilizing market share performance may have supported results. On its second-quarter earnings call, management expected volume improvement to continue through the second half of 2026. Innovations involving Biscoff and Milka Croissant, increased brand investments and enhanced in-store execution may have aided the region's recovery. Ongoing productivity initiatives and supply-chain modernization may have supported cost efficiencies.

However, subdued consumer confidence, inflationary pressures and cautious spending could have weighed on volumes. Elevated input costs associated with the Middle East conflict, alongside continued advertising and consumer promotion investments, may have pressured operating margins.

Earnings Whispers for MDLZ

Our proven model doesn’t conclusively predict an earnings beat for Mondelez this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
 
Mondelez currently carries a Zacks Rank #3 and has an Earnings ESP of -0.71%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks With the Favorable Combination

Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

Altria Group, Inc. (MO - Free Report) currently has an Earnings ESP of +0.26% and a Zacks Rank #2. The consensus estimate for quarterly revenues is pegged at $5.3 billion, which indicates an improvement of about 1% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Altria’s upcoming quarter’s EPS is pegged at $1.51, which calls for 4.1% growth from the figure reported in the prior-year quarter. MO delivered a trailing four-quarter earnings surprise of 1.3%, on average.

Sysco Corporation (SYY - Free Report) currently has an Earnings ESP of +2.46% and a Zacks Rank of 3. The consensus estimate for the quarterly revenues is pinned at $22.2 billion, which suggests 4.9% growth from the figure reported in the prior-year quarter. 

The Zacks Consensus Estimate for Sysco’s upcoming quarter’s EPS is pegged at $1.17, which calls for a 1.7% increase from the year-ago period’s figure. SYY delivered a trailing four-quarter earnings surprise of nearly 1%, on average.

Archer-Daniels-Midland Company (ADM - Free Report) currently has an Earnings ESP of +18.48% and a Zacks Rank of 3. The Zacks Consensus Estimate for its upcoming quarter’s revenues is pegged at $22.7 billion, suggesting 11.3% growth from the figure reported in the prior-year quarter. 

The consensus estimate for Archer-Daniels’ earnings is pegged at $1.44 per share, implying an increase of 56.5% from the year-ago quarter. ADM delivered a trailing four-quarter earnings surprise of 11.3%, on average. 

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