Mondelez International Inc - Class A

Mondelēz International closed out fiscal 2025 on a note of cautious resilience, beating Wall Street expectations on both the top and bottom lines despite the heaviest cocoa cost pressures in the company's recent history. Fourth-quarter adjusted EPS of $0.72 edged past the $0.70 consensus estimate by 3.34%, while revenue of $10.50 billion topped forecasts by 2.01% and grew 9.3% year over year, fueled by aggressive net pricing of nearly 10 percentage points that more than offset a 4.8-point drag from volume and mix. The pricing-over-volume trade-off, a recurring theme as cocoa inflation squeezed margins throughout the year, remained the central tension in results; full-year adjusted gross profit margin still fell 580 basis points to 32.0% even on an adjusted basis. Europe was the quarter's standout segment, with reported revenue climbing 17.3% to $4.39 billion, while North America slipped 0.6%. Looking ahead, management issued a deliberately measured 2026 outlook, guiding for organic revenue growth of flat to 2% and adjusted EPS growth of flat to 5% on a constant currency basis, citing greater than usual volatility across geopolitical, trade, and commodity environments.