Mondelez International, Inc.

Is Mondelez International publicly traded?
Yes, Mondelez International is publicly traded on NASDAQ under ticker symbol MDLZ. The company has been publicly traded since its spin-off from Kraft Foods in October 2012. Institutional investors including Vanguard, BlackRock, and State Street are among the largest shareholders.

What is Mondelez's relationship to Kraft Foods?
Mondelez International was created in October 2012 when Kraft Foods Inc. split into two separate publicly traded companies. Mondelez retained the global snacking business, including brands like Oreo, Cadbury, and Ritz. Kraft Foods Group retained the North American grocery business and later merged with Heinz in 2015 to form Kraft Heinz. The two companies are completely independent.

What are Mondelez's most famous brands?
Mondelez's most recognized brands include Oreo (the world's best-selling cookie), Cadbury chocolate, Ritz crackers, Toblerone, Milka, Chips Ahoy!, Trident gum, Halls, and Clif Bar. Oreo, Cadbury, and Milka each generate more than $1 billion in annual revenue.

What was Mondelez's revenue in FY2025?
Mondelez reported FY2025 net revenues of $38.5 billion, up 5.8% from $36.4 billion in FY2024. Organic net revenue growth was 4.3%, driven by 8.0% pricing growth and a 3.7% decline in volume and mix. Diluted EPS was $1.89, down 44.7% from FY2024, primarily due to cocoa cost inflation and mark-to-market impacts.

Who is Mondelez's CEO?
Dirk Van de Put has served as CEO of Mondelez International since November 2017. Under his leadership, the company has pursued a focused snacking strategy, made strategic acquisitions including Clif Bar (2022) and Tate's Bake Shop (2018), and strengthened its position in emerging markets. He also serves as Chairman of the board.

Where is Mondelez headquartered?
Mondelez International is headquartered in Chicago, Illinois, USA. The company operates more than 80 manufacturing facilities worldwide across North America, Europe, Asia, Latin America, and the Middle East and Africa. The company is incorporated in Virginia.

What is Mondelez's 2026 outlook?
For FY2026, Mondelez expects organic net revenue growth of flat to 2% and adjusted EPS growth of flat to 5% on a constant currency basis. The company expects free cash flow of approximately $3 billion. Currency translation is expected to increase net revenue growth by approximately 2.0% and adjusted EPS by $0.06.

Mondelez traces its heritage to some of the world's oldest food companies. The Cadbury chocolate business dates to 1824, when John Cadbury opened a shop in Birmingham, England. Nabisco, which produces Oreo and Ritz, was founded in 1898 as the National Biscuit Company. Kraft Foods, the direct predecessor to Mondelez, was founded by James L. Kraft in Chicago in 1903.

Kraft Foods grew through acquisitions over the 20th century, becoming one of the largest food companies in the world. The most significant acquisition was Cadbury in 2010, purchased for approximately $19.5 billion. This deal brought iconic British chocolate brands including Cadbury Dairy Milk, Roses, and Crunchie into the Kraft portfolio alongside existing brands like Oreo, Ritz, and Toblerone.

In August 2011, Kraft Foods announced it would split into two publicly traded companies. On October 1, 2012, Mondelez International was created as the global snacking business, retaining brands sold outside North America's grocery aisles. Kraft Foods Group was spun off to focus on North American grocery products and later merged with Heinz in 2015 to form Kraft Heinz. The Mondelez name was coined from the Latin words "monde" (world) and "delez" (delicious).

Under CEO Dirk Van de Put, who took the helm in November 2017, Mondelez has pursued a focused snacking strategy. The company divested non-core assets and concentrated investment in its core categories. Strategic acquisitions have included Tate's Bake Shop (2018, approximately $500 million), Clif Bar (2022, approximately $2.9 billion), and Evirth (2024, a Russian biscuit business that was subsequently wound down following geopolitical sanctions).

In FY2025, Mondelez reported net revenues of $38.5 billion, up 5.8% from $36.4 billion in FY2024. Organic net revenue growth was 4.3%, driven by 8.0% pricing growth partially offset by a 3.7% decline in volume and mix. Net earnings were $2.45 billion, down 46.8% from $4.61 billion in FY2024, primarily due to unfavorable mark-to-market impacts from commodity and foreign currency derivatives, settlement losses related to pension plan buy-outs, and higher ERP implementation costs. Adjusted EPS was $2.92, down 14.6% on a constant currency basis.

For Q1 2026, Mondelez reported net revenues of $10.1 billion, up 8.2% year over year, with organic net revenue growth of 3.0%. Net earnings were $560 million, or $0.44 per diluted share. The company reaffirmed its FY2026 outlook of organic net revenue growth of flat to 2% and adjusted EPS growth of flat to 5% on a constant currency basis, with free cash flow of approximately $3 billion.

Mondelez has established sustainability programs focused on cocoa sustainability, responsible sourcing, environmental stewardship, and community development. The company's flagship initiative is the Cocoa Life program, launched in 2012, which invests in farming communities in Cote d'Ivoire, Ghana, Indonesia, India, the Dominican Republic, and Brazil. Cocoa Life aims to improve farmer livelihoods, protect forests, and address child labor in cocoa supply chains.

Mondelez has committed to sourcing 100% of its cocoa volume through Cocoa Life or equivalent programs. As of the company's most recent reporting, Cocoa Life covered a significant portion of Mondelez's cocoa sourcing, though the company has not yet reached 100%. The program has been independently assessed by third parties including Harvard University and Ipsos.

On environmental stewardship, Mondelez has set science-based targets for emissions reduction and has committed to net-zero deforestation in its cocoa and palm oil supply chains. The company is a member of the Roundtable on Sustainable Palm Oil (RSPO) and sources certified sustainable palm oil for its products. Mondelez has also implemented packaging sustainability initiatives, including commitments to make all packaging recyclable by 2025.

Mondelez is not a Certified B Corporation. The company's sustainability claims have faced legal challenges, with a class action lawsuit filed in 2024 alleging that the company's sustainability claims on packaging were misleading given child labor and deforestation in its cocoa supply chain. The company has disputed these allegations and the case is ongoing.

Mondelez is a member of the Dow Jones Best-in-Class North America and World Indices, recognizing its ESG performance relative to industry peers.

• Fortune World's Most Admired Companies (2026): Ranked in the Consumer Food Products industry, recognizing corporate reputation and business excellence
• Dow Jones Best-in-Class Index: Member of both North America and World indices, formerly known as Dow Jones Sustainability Indices
• HR Asia Awards (2024): Mondelez Philippines received the Gold Harmonia Award, recognized as one of the Best Companies to Work for in Asia
• Campus Forward Award (2025): Recognized for excellence in recruitment strategies, tech innovation, and DEI
• Barron's 100 Most Sustainable U.S. Companies (2023): Ranked #59, recognizing ESG leadership

Mondelez operates in the heavily regulated food and beverage industry and has faced several significant controversies:

EU Antitrust Fine (2024): The European Commission imposed a EUR 337.5 million fine on Mondelez for anti-competitive practices. The Commission found that Mondelez had illegally restricted cross-border sales of chocolate, biscuits, and coffee products within the European Union, preventing traders from freely sourcing products from lower-priced markets. Mondelez appealed the decision.

Cocoa Supply Chain Lawsuit (2024): A class action lawsuit filed in January 2024 accused Mondelez of relying on cocoa farmers using child labor and engaging in deforestation, contrary to sustainability claims on packaging. The lawsuit alleged that consumers would not have purchased Mondelez products had they known about these supply chain issues. The case is ongoing.

San Francisco Ultra-Processed Food Lawsuit (2025): In December 2025, San Francisco filed a lawsuit against Kraft Heinz and Mondelez over ultra-processed foods, alleging misleading marketing practices related to the health impacts of heavily processed snack foods. The case reflects growing regulatory and public concern about ultra-processed food consumption.

Russia Operations: Mondelez faced criticism for continuing to operate in Russia following the 2022 invasion of Ukraine. The company announced in 2023 that it would wind down its Russian business, and the Evirth biscuit acquisition was subsequently unwound. The company has faced pressure from activists and investors over the timing and completeness of its Russia exit.

ERP Implementation Costs: Mondelez has incurred significant costs related to an ongoing ERP system implementation program, which contributed to the decline in adjusted EPS in FY2025. The implementation has been criticized by analysts for its cost overruns and timeline delays.