Mondelēz sells branded biscuits and chocolate worldwide. In the first nine months of 2026, its reported margin jumped mainly on swings in protective contracts, while the underlying margin slipped as price rises and factory savings only partly offset higher costs.
The packet of biscuits in a lunchbox or the chocolate bar by a shop's till may well have been made by Mondelēz International. The company sells branded biscuits, chocolate, gum and candy, and in 2025 it sold its products in more than 150 countries. Its business rests on habit: people buy the same snack again and again because they know the name and like the taste. They pay a price that reflects the brand and the recipe, not just the ingredients inside.
Retailers buy the snacks and shoppers pay for them at the till. In the third quarter of 2026, biscuits and baked snacks brought in the most revenue, followed by chocolate. Sales are spread across four regions. In 2025 Europe sold the most, but North America earned the most regional operating profit. Most of the money goes on ingredients such as cocoa and packaging, the factories that turn them into snacks, and the advertising and promotions that keep the brands in front of shoppers. The open question is the gap between what the brands can charge and what those inputs cost.
Create a free account to unlock the rest of this report and access all published research.
This report is general, non-personalized research provided solely for informational and educational purposes. It is not financial or investment advice, a personalized recommendation, an offer to the public, a solicitation, an instruction to buy, sell or hold a financial instrument, or an invitation to engage in an investment activity. ReasyPort is not an authorised or regulated investment firm and does not provide a MiFID II investment service.
This report is based on primary and public sources identified in the report, including issuer filings, annual and interim reports, regulated announcements, investor-relations materials, market data and, where relevant, institutional macroeconomic publications. Facts should be read separately from interpretations, estimates and opinions.
Text, analyses, summaries, translations and charts may be produced with the support of Artificial Intelligence and are subjected to deterministic data and consistency checks before publication. These controls reduce, but cannot eliminate, errors, omissions or incorrect interpretations. Editorial responsibility for publication remains with the producer identified above.
ReasyPort View labels, fair values, forecasts, scenarios, price references and other forward-looking statements are editorial estimates or opinions, not facts or trading instructions. They depend on the assumptions, methodology, market price and information available on the stated reference date and may change without notice. The report is not monitored or updated in real time.
Any relationship, compensation, material holding or other circumstance known to ReasyPort that could reasonably impair the objectivity of a report must be disclosed with that report. Questions, corrections and potential conflicts may be reported through the legal contact shown above.
Public and primary sources, automated extraction and data providers may contain material errors, omissions, inaccuracies, restatements or delays. Accuracy, completeness and timeliness are therefore not guaranteed, and important information should be checked against the original source before it is used.
To the maximum extent permitted by applicable law, ReasyPort, the author, the publisher and the persons involved in producing the report are not liable for losses arising from decisions made solely in reliance on this report. Nothing in this notice excludes or limits any liability that cannot lawfully be excluded or limited.
Any investment decision should be made independently, if appropriate with the support of a licensed financial adviser. Investments in financial instruments involve risks, including the possible partial or total loss of invested capital.
Research methodology, assumptions and disclosuresMeaning of ReasyPort View