Snack maker Mondelez International, Inc. (MDLZ.US) reported its results for 1Q26. On a non-GAAP basis, adjusted EPS was USD0.67, down 14.9% YoY on a constant currency basis, below market expectations of USD0.73. Revenue reached USD10.08 billion during the period, up more than 8% YoY, exceeding market expectations by USD340 million.On a GAAP basis, 1Q net profit rose 39.3% YoY to USD560 million, with diluted EPS of USD0.44. Gross profit increased 15.3% YoY to USD2.803 billion, while gross margin improved to 27.8% from 26.1% in the same period last year, mainly benefiting from favorable YoY changes in mark-to-market valuations of commodities and foreign exchange derivatives.Related NewsDurable Goods Orders MoM for Mar in the United States is 0.8%, higher than the previous value of -1.4%. The forecast was 0.5%.Adjusted gross margin fell 270 bps to 30.7%, and adjusted operating margin narrowed 310 bps to 11.7%, primarily dragged by rising input cost inflation and an unfavorable volume/mix.Chairman and Chief Executive Officer Dirk Van de Put said 1Q results were solid, driven mainly by strong revenue growth in emerging markets, with signs of improvement in developed markets. He said the performance reflected effective execution of the companys consumer-centric strategy, with continued investment in brands and growth platforms despite ongoing macro volatility.For the outlook, the company reaffirmed its full-year 2026 guidance, expecting organic net revenue growth of flat to 2% and constant currency adjusted EPS growth of flat to 5%, with full-year free cash flow of approximately USD3 billion. It currently estimates foreign exchange translation will contribute about 2 ppts to 2026 revenue growth and USD0.06 to adjusted EPS. This outlook does not reflect any potential tariff changes under compliant trade with the USMCA.Related NewsBofAS Expects Caterpillar (CAT.US) Energy Business to Unlock Potential, Raises TP to USD930Mondelez shares edged up 0.7% in pre-market trading to USD58.96 per share. (da/)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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