Mondelēz International Reports 5.9% Revenue Growth in Q3 2025, Net Earnings Decline

Mondelēz International, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a net revenue increase of 5.9% to $9.744 billion for the quarter and a 4.5% rise to $28.041 billion for the nine-month period compared to the same periods in 2024. The growth was primarily driven by higher net pricing and favorable currency-related items, although it was partially offset by unfavorable volume/mix effects. The company’s net earnings attributable to Mondelēz International decreased by 12.9% to $743 million in the third quarter and by 37.7% to $1.786 billion for the nine months, reflecting challenges in operational performance and increased costs.

In terms of profitability, operating income fell significantly, down 35.5% to $744 million for the third quarter and 45.2% to $2.596 billion for the nine months. The decline in operating income was attributed to higher raw material costs, unfavorable volume/mix, and increased selling, general, and administrative expenses. The company also reported diluted earnings per share of $0.57 for the third quarter, a decrease of 9.5%, and $1.37 for the nine months, down 35.4% from the previous year.

Strategically, Mondelēz completed the acquisition of Evirth (Shanghai) Industrial Co., Ltd., a leading manufacturer of cakes and pastries in China, for approximately $255 million. This acquisition is expected to enhance the company's growth in the cakes and pastries category. The company also continued its share repurchase program, having repurchased approximately 31 million shares at an average cost of $59.00 per share, totaling about $1.8 billion, with $7.2 billion remaining under the current authorization.

Operationally, the company faced challenges with customer engagement and product adoption rates, particularly in North America, where net pricing was flat and unfavorable volume/mix was noted. The company reported a total employee headcount of approximately 80,000 as of September 30, 2025. The ongoing geopolitical tensions, inflationary pressures, and supply chain constraints have contributed to a complex operating environment, prompting Mondelēz to implement pricing increases to mitigate rising costs.

Looking ahead, Mondelēz International anticipates continued revenue growth despite the volatility in market conditions. The company plans to focus on managing costs and optimizing its supply chain while navigating the challenges posed by inflation and geopolitical uncertainties. The outlook remains cautiously optimistic, with expectations for ongoing adjustments to pricing strategies and operational efficiencies to sustain growth in the competitive snack food market.