Mondelez International stock adds Undercover deal as volume growth returns

Published on 11/03/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mondelez International stock adds a portfolio deal as volume growth returns in the third quarter. Management kept its 2026 outlook unchanged.

Volume growth supports unchanged outlook

Third-quarter organic revenue rose as volume and mix became the main growth driver.
Adjusted earnings increased on a constant-currency basis, while regional performance remained uneven.
Mondelez agreed to acquire a majority stake in Undercover Snacks to expand its permissible-indulgence portfolio.

Mondelez International, US6092071058, Illustration mit AI erstellt.

Mondelez International reported stronger volume momentum in the third quarter ended September 30, 2026, while adding a new snack brand to its portfolio. The company published the results on Thursday, October 29, according to its third-quarter earnings release.

Volume drives the quarterly rebound

Net revenue increased 2.3 percent year over year, while organic net revenue advanced 2.1 percent. Volume and mix contributed 1.8 percentage points, compared with a 0.3 percentage-point contribution from pricing.

The improvement was broad but uneven. Emerging markets posted 4.1 percent organic growth, led by Asia, the Middle East and Africa at 7.7 percent and Latin America at 6.9 percent. North America grew 1.6 percent organically, while Europe declined 2.1 percent despite a positive volume-and-mix contribution.

Adjusted earnings improve

Adjusted diluted earnings per share reached 0.78 US dollars, up 5.5 percent on a constant-currency basis. Adjusted operating income rose 17.0 percent on the same basis, and the adjusted operating margin increased to 13.9 percent. Reported diluted earnings per share was 1.02 US dollars; the difference reflects, among other items, valuation effects from commodity and currency derivatives, acquisition-related items and restructuring costs.

Undercover expands the portfolio

Mondelez also agreed to acquire a majority stake in Undercover Snacks, a US snack business known for chocolate and frosted quinoa crisps. The company said the transaction strengthens its position in the permissible-indulgence segment and complements its existing portfolio. The deal remains subject to customary conditions and regulatory approval.

What changed since the latest report

Mondelez International stock traded at 58.35 euros on Lang & Schwarz at 16:06 CET on Tuesday, November 3, 2026. That was 1.19 percent below the 59.05-euro quote recorded in the latest relevant report at 13:08 CET the same day.

Management retained its 2026 outlook for organic revenue growth of at least 2 percent, adjusted earnings-per-share growth between flat and 5 percent on a constant-currency basis, and free cash flow of approximately 3 billion US dollars.

Investors can follow the real-time quote of Mondelez International stock for the latest trading level.

The broader market backdrop remains relevant for consumer-staples companies; see current S&P 500 market reports.

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