Financial Data and Key Metrics Changes - The company reported a year-to-date organic net revenue growth of more than 4% for Q4, with an implied EPS growth translating to significant EBIT growth compared to the previous year [11][40] - The company faced challenges including tariffs, material destocking in the U.S., and an unprecedented heat wave in Europe, which impacted consumer confidence and volume trends [9][10] Business Line Data and Key Metrics Changes - In Europe, the chocolate business experienced a substantial price increase of about 30%, with elasticity around 0.7 to 0.8, which is higher than previously expected [6][29] - The U.S. biscuit category saw a volume decline of 4%, driven by consumer concerns about the economy and a shift towards value-seeking behavior [16][17] Market Data and Key Metrics Changes - Emerging markets experienced a volume decline of 4.7%, primarily due to hyperinflation in Argentina and strategic downsizing in India [34] - China showed low single-digit growth in Q3, indicating a new challenge for the company, while Brazil reported double-digit growth due to strong execution in biscuits and chocolate [35] Company Strategy and Development Direction - The company is focusing on optimizing pricing strategies and promotional effectiveness to drive growth, particularly in the U.S. market [20][56] - There is a clear intention to invest in emerging markets and adjacencies like cakes and pastries, with a target of high single-digit EPS growth for 2026 [13][62] Management's Comments on Operating Environment and Future Outlook - Management noted that the cocoa cost environment is expected to improve, which will positively impact future pricing strategies and profitability [12][31] - The company is adapting its product offerings and pricing architecture to better align with consumer expectations and market conditions [57][58] Other Important Information - The company is implementing a multi-year North America supply chain program aimed at improving cost structures and service levels [43][44] - There is an emphasis on continuous investment in brands and activation at the point of sale to support long-term growth [62] Q&A Session Summary Question: Insights on European market pricing and elasticity - Management indicated that the price elasticity in Europe is currently around 0.7 to 0.8, which is higher than historical norms, and adjustments are being made to address pricing gaps [28][29] Question: Path forward for U.S. growth - The U.S. market is experiencing a volume decline, but management is optimistic about returning to growth through strategic pricing and promotional adjustments [15][22] Question: Expectations for North America in Q4 - Management expects a rebound in Europe and a slight improvement in North America, driven by pricing strategies and promotional effectiveness [40][41] Question: SG&A cost reductions and future investments - Management outlined that SG&A reductions are primarily due to working media declines, but investments will increase in 2026 to support growth initiatives [46][48]

Core Insights - Mondelez International Inc. has reached "peak costs" and has adjusted its expectations for the year [1] Company Summary - Mondelez is known for its popular products, including Oreo cookies, Ritz crackers, and Sour Patch Kids candy [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Performance - Q3 2025 - Organic Net Revenue grew by 3.4%[12, 14], driven by an 8.0 percentage points increase in price, but offset by a 4.6 percentage points decline in volume/mix[14] - Adjusted Gross Profit declined by 21.3%[14] - Adjusted EPS decreased by 24.2%[14] - Free Cash Flow reached $1.2 billion YTD[14, 38] Financial Performance - YTD 2025 - Organic Net Revenue increased by 4.0%[14, 22], with a 7.2 percentage points contribution from price and a 3.2 percentage points decrease from volume/mix[14] - Adjusted Gross Profit declined by 15.2%[31] - Adjusted EPS decreased by 18.8%[36] Segment Performance - Q3 2025 - Emerging Markets Organic Net Revenue grew by 7.1%[22], while Developed Markets saw a 1.2% increase[22] - Chocolate Organic Net Revenue increased by 8.2%[24], while Biscuits & Baked Snacks grew by 1.2%[24] - North America revenue growth was 3.4% with operating income growth of -4.6%[29] - Europe revenue growth was 5.3% with operating income growth of -4.0%[29] Outlook and Strategy - The company updated its FY 2025 outlook to 4%+ Organic Net Revenue growth and ~-15% EPS decline (cst fx)[12, 42] - The company expects on-algorithm EPS growth for 2026[12, 49] - The company projects Free Cash Flow of $3 billion+ for FY 2025[42]

Core Viewpoint - The company has revised its revenue growth expectation for the year from 5% to 4% on an organic basis due to record-high cocoa prices and increasing transportation costs [1] Revenue Expectations - The company now anticipates a 4% increase in revenue on an organic basis for the year, down from the previously expected 5% [1] Cost Factors - The revision in revenue expectations is attributed to record-high cocoa prices and rising transportation costs impacting overall profitability [1]

Strategic Priorities - The company aims to be the global leader in snacking, focusing on four strategic priorities: consumer-centric growth, operational excellence, winning growth culture, and sustainable snacking [119]. Revenue and Growth - The company anticipates ongoing volatility in future snacks revenue growth due to elevated raw material costs and pricing increases adversely impacting consumer demand, particularly in the U.S. and Europe [121]. - Organic Net Revenue growth is presented on a consolidated basis, reflecting underlying growth from ongoing activities [31]. - Net revenues increased by 5.9% to $9.744 billion in Q3 2025, driven by higher net pricing and favorable currency-related items [162]. - Organic Net Revenue grew by 3.4% to $9.520 billion in Q3 2025, with emerging markets showing a 7.1% increase and developed markets a 1.2% increase [162]. - For the first nine months of 2025, net revenues increased by $1,204 million (4.5%) to $28,041 million, with organic net revenue growth of $1,078 million (4.0%) [174]. - Emerging markets net revenues increased by 6.8%, while developed markets net revenues rose by 3.0% in the first nine months of 2025 [174]. - Net revenues for the nine months ended September 30, 2025, were $28,041 million, an increase of $1,204 million (4.5%) compared to $26,837 million in 2024 [189]. Financial Performance - Adjusted Operating Income for the three months ended September 30, 2025, was $6 million, compared to a loss of $12 million in 2024 [146]. - Adjusted EPS growth is evaluated on a constant currency basis, providing improved comparability of underlying operating results [31]. - Adjusted EPS for Q3 2025 was $0.73, down $0.22 (23.2%) from Q3 2024, while adjusted EPS on a constant currency basis was $0.72, down $0.23 (24.2%) [171]. - Diluted EPS decreased by 9.5% to $0.57 in Q3 2025, primarily due to a decrease in Adjusted EPS and unfavorable year-over-year changes in acquisition-related items [162]. - Operating income decreased by $2,138 million (45.2%) to $2,596 million in the first nine months of 2025, with adjusted operating income down $1,111 million (22.5%) to $3,829 million [177]. - Net earnings attributable to Mondelēz International decreased by $110 million (12.9%) to $743 million in Q3 2025, with diluted EPS down $0.06 (9.5%) to $0.57 [171]. - Total selling, general and administrative expenses rose by $165 million from Q3 2024, driven by higher costs related to the ERP System Implementation program [167]. Acquisitions and Investments - The company completed the acquisition of Evirth (Shanghai) Industrial Co., Ltd, a leading manufacturer of cakes and pastries in China, in the fourth quarter of 2024 [131]. - The acquisition of Evirth added $87 million in incremental net revenues on a constant currency basis in Q3 2025 [163]. - The acquisition of Evirth contributed $288 million in net revenues on a constant currency basis for the first nine months of 2025 [199]. Impairments and Charges - The company recorded an impairment charge of €612 million ($665 million) related to its investment in JDE Peet's during the first quarter of 2024 [132]. - Intangible asset impairment charges totaled $33 million for the three months ended September 30, 2025 [146]. - The Simplify to Grow Program incurred restructuring charges of $6 million for the three months ended September 30, 2025 [146]. - Incremental costs due to the war in Ukraine included asset write-downs, net of recoveries, impacting overall financial results [153]. Currency and Market Risks - The company continues to monitor the impact of geopolitical uncertainties, including trade and regulatory risks, on its operations and financial performance [122]. - Currency-related items contributed an increase of $137 million to net revenues, benefiting from favorable currency translation rate changes [163]. - The company experienced unfavorable currency-related items of $137 million (0.5 pp) for the first nine months of 2025, primarily due to unfavorable currency translation rate changes [136]. - The company is exposed to currency exchange rate, commodity price, and interest rate market risks, which are monitored as part of its risk management program [237]. Operational Challenges - The company faced increased price volatility and higher aggregate costs due to international supply chain disruptions and elevated commodity, transportation, and labor costs [230]. - Cocoa costs are expected to remain elevated compared to historical levels in the near- and medium-term, despite a forecasted decrease in 2026 [230]. - The company’s pricing actions may lag behind commodity cost changes due to competitive market conditions and other factors [231]. - Unfavorable volume/mix was experienced across all regions, reflecting pricing elasticity impacts and soft consumption in North America [166]. Tax and Debt - The effective tax rate improved to 19.7% in Q3 2025 from 28.8% in Q3 2024, influenced by a favorable jurisdictional mix of earnings [170]. - Total debt increased to $21.3 billion as of September 30, 2025, from $17.7 billion as of December 31, 2024, with a debt-to-capitalization ratio of 0.45 [224]. Future Outlook - The company expects capital expenditures for 2025 to be up to $1.3 billion, primarily to modernize manufacturing facilities and support productivity initiatives [218]. - Forward-looking statements in the report include projections of earnings and revenue, as well as management's plans and strategies for future operations [233]. - The company acknowledges inherent risks and uncertainties that could cause actual results to differ materially from forward-looking statements, including macroeconomic volatility and geopolitical factors [234].

Core Insights - Mondelez International has forecasted a steeper decline in annual profit due to reduced consumer spending on its premium chocolates and snacks in North America [1] - The company is facing increased costs for key ingredients, which is impacting its profitability [1] Company Summary - Mondelez International is experiencing a downturn in sales as consumers are cutting back on purchases of its higher-priced products [1] - The forecast indicates a significant challenge for the company in maintaining profit margins amid rising costs [1] Industry Summary - The snack and confectionery industry is witnessing shifts in consumer behavior, particularly in North America, where price sensitivity is increasing [1] - Higher ingredient costs are a common challenge across the industry, affecting profitability for major players like Mondelez [1]

Exhibit 99.1 1-847-943-5678 1-847-943-5454 news@mdlz.com ir@mdlz.com Contacts: Tracey Noe (Media) Shep Dunlap (Investors) Mondelēz International Reports Q3 2025 Results Third Quarter Highlights 1 Net Revenues +5.9%, Organic Net Revenues +3.4%, Volume/Mix -4.6% Diluted EPS decreased 9.5% to $0.57 Adjusted EPS was $0.73 which declined 24.2% on a constant currency basis Year-to-date cash provided by operating activities was $2.1 billion and Free Cash Flow was $1.2 billion Return of capital to shareholders was ...

Core Insights - Mondelēz International reported a net revenue increase of 5.9% for Q3 2025, with organic net revenue growth of 3.4% despite a volume/mix decline of 4.6% [1][5] - The diluted EPS decreased by 9.5% to $0.57, while adjusted EPS was $0.73, reflecting a 24.2% decline on a constant currency basis [1][4] - The company provided a cash flow of $2.1 billion from operating activities and a free cash flow of $1.2 billion year-to-date [1] Financial Performance - Net revenues for Q3 2025 reached $9,744 million, with a gross profit of $2,612 million, resulting in a gross profit margin of 26.8%, down 580 basis points year-over-year [3][4] - Operating income was reported at $744 million, with an operating income margin of 7.6%, a decrease of 490 basis points compared to the previous year [4][19] - Year-to-date net earnings attributable to Mondelēz International were $1,786 million, with diluted EPS of $1.37, down 35.4% year-over-year [21] Regional Performance - In Q3 2025, net revenues from Latin America were $1,238 million, up 2.8%, while Asia, Middle East & Africa reported $2,017 million, a 9.0% increase [3] - Europe saw a 10.6% increase in net revenues to $3,674 million, while North America experienced a slight decline of 0.4% to $2,815 million [3] - Emerging markets contributed $3,881 million in net revenues, reflecting a 9.9% growth, while developed markets reported $5,863 million, a 3.0% increase [3] Outlook - For FY 2025, the company expects organic net revenue growth of over 4% and a decline in adjusted EPS of approximately 15% on a constant currency basis [7][8] - The anticipated free cash flow for 2025 is projected to exceed $3 billion, with currency translation expected to positively impact net revenue growth by about 0.5% [7][8] - The company remains focused on improving volume, increasing growth investments, and driving cost efficiencies despite ongoing challenges in certain markets [2]

A federal judge dismissed a proposed class action lawsuit accusing Mondelez International of deceiving consumers into overpaying for Clif bars that were labeled "climate neutral certified." ...