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Mondelez International (MDLZ) guidance and outlook
Mondelez International (MDLZ) reaffirmed its guidance on Oct 29, 2026: EPS +5% for FY2026; Free cash flow $3.0B for FY2026. Mondelez International's 10-Q filed Oct 29, 2026 makes 17 forward-looking statements, 1 of them new and 0 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +2% | new |
| EPS | FY2026 | +5% | reaffirmed |
| Free cash flow | FY2026 | $3.0B | reaffirmed |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 29, 2026
- We aim to be the global leader in snacking.
- Our long-term outlook for future snacks revenue growth remains strong; however, we anticipate ongoing volatility.
- We will continue to proactively manage our business in response to the evolving global economic environment, related uncertainty and business risks while also prioritizing and supporting our employees and customers.
- As such, we have not recorded any additional anticipated IEEPA tariff refunds as of September 30, 2026.
- We are evaluating the potential impact of these developments as well as our ability to mitigate the impact, as they are expected to adversely impact our revenue and cost of goods sold.
- If additional tariff actions are implemented, we would expect those adverse impacts on our business operations and financial performance to be significant.
- new · The new ERP systems for our remaining segments continue to be implemented in future phases, with expected completion by year-end 2028.
- Mark-to-market impacts from derivatives – We exclude unrealized gains and losses (mark-to-market impacts) from commodity and foreign currency derivative contracts economically hedging forecasted transactions from our non-GAAP earnings measures.
- ERP System Implementation costs – In July 2024, our Board of Directors approved funding of $1.2 billion for a multi-year systems transformation program to upgrade our global ERP and supply chain systems, which is comprised of both capital expenditures and operating expenses, of which a majority is expected to be operating expenses.
- We believe that cash from operations, our revolving credit facilities, short-term borrowings and long-term debt financing will continue to provide sufficient liquidity for our working capital needs, planned capital expenditures and future payments of our contractual, tax and benefit plan obligations and payments for acquisitions, share repurchases and quarterly dividends.
- We expect to continue to utilize our commercial paper program and international credit lines as needed.
- We expect 2026 capital expenditures to be up to $1.4 billion, including capital expenditures in connection with funding our strategic priorities.
Mondelez International's latest quarter
Mondelez International, Q3 2026: revenue $10.0B (+2% year over year), operating margin 17.6%, net earnings $1.3B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Questions
Did Mondelez International raise or lower its guidance?
Mondelez International (MDLZ) reaffirmed its guidance on Oct 29, 2026: EPS +5% for FY2026; Free cash flow $3.0B for FY2026.
What does Mondelez International expect?
The new ERP systems for our remaining segments continue to be implemented in future phases, with expected completion by year-end 2028.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.