Latest news with #Mondelez
Reuters
an hour ago
- Business
- Reuters
Mondelez beats second-quarter revenue estimates on strong international demand
July 29 (Reuters) - Cadbury-parent Mondelez International (MDLZ.O), opens new tab beat Wall Street estimates for second-quarter revenue on Tuesday, driven by steady consumer demand for its higher-priced chocolates and biscuits, particularly in international markets including Europe. To offset rising input costs such as cocoa, Mondelez raised prices over successive quarters, boosting profits. Resilient demand despite the hikes supported revenue growth in key segments such as Europe. Macroeconomic uncertainty from U.S. trade tariffs under President Donald Trump has pressured consumer spending in the United States, pushing budget-conscious shoppers toward cheaper private-label alternatives. Mondelez, which reported the trend last quarter, said it plans to counter it through value-focused price packs. Shares of the Chicago-based snack maker fell about 3% in after-hours trading but are up nearly 16% so far this year. The company reported net revenue of $8.98 billion for the quarter, topping analysts' average estimate of $8.84 billion, according to data compiled by LSEG. On an adjusted basis, Mondelez earned 73 cents per share for the quarter, compared with analysts' average estimate of 68 cents per share.
Yahoo
2 days ago
- Business
- Yahoo
Mondelez International (MDLZ): A Strong Contender Among Food Dividend Stocks
Mondelez International, Inc. (NASDAQ:MDLZ) is included among the 10 Best Food Stocks with Dividends. A colourful array of products like candies, chocolates and gums on a supermarket shelf. Mondelez International, Inc. (NASDAQ:MDLZ), a major name in the snack food industry, is well known for owning popular chocolate brands like Oreo, Cadbury, Chips Ahoy!, Milka, and others. As of 2025, it held the second-largest share in the global chocolate market at 12.3%. Mondelez International, Inc. (NASDAQ:MDLZ) has also been growing its footprint in the health food space, responding to the increasing global focus on healthier eating. The company reported strong earnings in the first quarter of 2025. Its revenue was $9.3 billion, which showed a 1% growth from the same period last year. Mondelez International, Inc. (NASDAQ:MDLZ) offers a dividend as well, which it has steadily increased since becoming an independent company. The company's cash position is also strong, as it generated $1.1 billion in cash from operating activities and reported free cash flow of $0.8 billion. It also returned $2.1 billion to shareholders. It currently offers a quarterly dividend of $0.47 per share and has a dividend yield of 2.66%, as of July 27. While we acknowledge the potential of MDLZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Mondelez (MDLZ) Q2 Earnings: What To Expect
Packaged snacks company Mondelez (NASDAQ:MDLZ) will be reporting results this Tuesday afternoon. Here's what to expect. Mondelez met analysts' revenue expectations last quarter, reporting revenues of $9.31 billion, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and a solid beat of analysts' adjusted operating income estimates. Is Mondelez a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Mondelez's revenue to grow 6.2% year on year to $8.86 billion, a reversal from the 1.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 15 analysts). Mondelez has missed Wall Street's revenue estimates three times over the last two years. Looking at Mondelez's peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 4%, beating analysts' expectations by 5.7%, and McCormick reported flat revenue, in line with consensus estimates. Lamb Weston traded up 19.3% following the results while McCormick was also up 3.6%. Read our full analysis of Lamb Weston's results here and McCormick's results here. There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 5.3% on average over the last month. Mondelez is up 4.6% during the same time and is heading into earnings with an average analyst price target of $73.70 (compared to the current share price of $70.52). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Chocolate cravings are about to be costlier as Hershey's confirms price increases are on the way
is raising chocolate prices. That will make the cost of a candy bar up to 20% higher at retail. The company is the latest to increase prices as cocoa costs remain well above their historical average, with no relief in sight. That mid-afternoon Kit-Kat bar you gobble to get through the work day is about to cost you more. Hershey's has told its retail customers it will be increasing the cost of products as cocoa costs continue to soar. The double-digit percentage increase (averaging between the mid-teens and 20%) will be passed along to the consumer. The company says roughly three-quarters of its candy portfolio will still cost $4 or less. The price increases come on the heels of similar moves by Lindt & Spruengli and Oreo-maker Mondelez. Cocoa prices are down from their high of $12,000 per metric ton at the end of last year, but the current rate of $8,100 or so is still far above historical averages—and no relief is expected in the near future. Those price increases have led some scientists to look for ways to cut costs. Food scientists at Zurich's Federal Institute of Technology, for example, say they have developed a method to utilize more of the cocoa fruit to make chocolate. Chocolate today is made using just the beans of the cocoa fruit. The rest is discarded. Scientists, though, say they've found a way to incorporate the whole fruit—and to make chocolate without using added sugar. Other issues are driving the price of chocolate higher. The industry is facing new regulations as officials work to eliminate the child labor and deforestation issues that have been tied to the chocolate industry. (Starting next year, any chocolate imported to the European Union must come with a guarantee that no deforestation took place in growing the cocoa used to make it.) This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
7 days ago
- Business
- The Independent
Hershey to increase chocolate prices by double digits
Hershey is set to increase prices for its chocolate products for retail customers by double-digit percentages, ranging from the low teens to 20 percent. The primary reason for these price hikes is the significantly elevated cost of cocoa, which reached over $12,000 per metric ton in December and remains high at around $8,100. Despite the increases, approximately three-quarters of Hershey's products are expected to continue retailing for $4 or less. West Africa, responsible for about 70 percent of the world's cocoa supply, has faced challenges including adverse weather, plant disease, and aging tree stocks, impacting global cocoa production. Other confectionery companies, such as Lindt & Spruengli and Mondelez International (makers of Cadbury), are also implementing price increases due to the rising cost of cocoa.
