Mondelez International (NasdaqGS:MDLZ) Q4 2025 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsDirk Van de Put - Chairman and CEOLuca Zaramella - COO and CFOConference Call ParticipantsAndrew Lazar - AnalystChris Carey - AnalystDavid Palmer - AnalystMegan Clapp - AnalystMichael Lavery - AnalystPeter Galbo - AnalystScott Marks - AnalystOperatorGood afternoon and welcome to the Mondelēz International 2025 fourth quarter and full year earnings question and answer session. Your lines have been p ...

Core Viewpoint - Mondelez International, Inc. is positioned favorably in the market with strong cash returns to shareholders and improved EPS visibility due to declining cocoa prices, despite facing challenges from cocoa cost inflation [2][3][4]. Group 1: Financial Performance and Shareholder Returns - Mondelez has a robust history of returning cash to shareholders, with dividends growing at an annual rate above 10% over the past five years [3]. - The company has repurchased over $13 billion of its own shares since 2018, reducing the share count by approximately 15% [3]. - Morgan Stanley raised its price target for Mondelez to $65, indicating positive sentiment towards the stock [2]. Group 2: Market Challenges and Opportunities - The recent decline in cocoa prices is seen as beneficial for Mondelez, enhancing visibility into earnings per share forecasts [2]. - However, the company has warned that unprecedented cocoa cost inflation could potentially reduce adjusted earnings per share by up to 15% in 2025 [4]. - Mondelez operates from a position of financial strength, supported by its diverse geographic presence and established brand portfolio amid economic uncertainties [4]. Group 3: Company Overview - Mondelez International, Inc. is recognized as one of the largest snack companies globally, with a diverse portfolio that includes biscuits, chocolate, cakes, pastries, snack bars, and candy [5].

Company Overview - The Chubby Baker, founded by Ying Nance in 2020, started as a delivery-only bakery during the COVID-19 pandemic and quickly gained popularity for its unique offerings [3][4] - The business expanded to three physical locations across Utah within a year [4] Closure Announcement - The Chubby Baker will close all locations on November 9, citing rising operational costs and personal reasons as the main factors for the decision [2][5] - Nance expressed the need to prioritize family time over business commitments, indicating a shift in personal priorities [5] Industry Context - The closure of The Chubby Baker reflects broader challenges in the food service industry, where many small businesses are struggling with increased costs for food, labor, and rent, alongside reduced consumer spending [7] - A survey by CB Insights highlights that inadequate financing is the top reason for business failures, with many unable to keep up with competition or changing consumer preferences [2]

Core Insights - Mondelez International, Inc. is expected to report a significant decline in adjusted profit for Q3, with an anticipated EPS of $0.73, down 26.3% year-over-year from $0.99 [2] - The company has a mixed earnings surprise history, having surpassed bottom-line estimates three times in the past four quarters but missing once [2] - For the full fiscal year 2025, adjusted EPS is projected to be $3.02, a decrease of 10.1% from $3.36 in 2024, with a rebound expected in fiscal 2026 to $3.31, reflecting a 9.6% year-over-year increase [3] Stock Performance - Mondelez's stock has declined 14.3% over the past 52 weeks, underperforming compared to the Consumer Staples Select Sector SPDR Fund's 4.6% decline and the S&P 500 Index's 13.5% gain [4] - Following the release of better-than-expected Q2 results, Mondelez's stock dropped 6.6% in the subsequent trading session and continued to show negative momentum for five more sessions [5] Revenue and Market Performance - The company reported a notable 7.7% year-over-year revenue growth, reaching nearly $9 billion, which was 1.2% above market expectations, driven by strong performance in Europe, Asia, the Middle East, and Africa [5] - However, sales in North American and Latin American markets have been on a downward trend [5] Cost Pressures - Rising raw material costs have contributed to a 12% year-over-year drop in adjusted EPS to $0.73, although this figure exceeded consensus estimates by 7.4% [6] - The company's outlook remains dim due to pressures from increasing cocoa prices, despite solid performance in Q2 [6]

आई ड्रिंक डे ड्रीम्स एंड ड्रीम्स एट नाइट पीपल थिंक ड्रीम्स आर सिली एंड एंड व्हेन वी वेक अप माइन डिडंट माइंड स्टार्टेड विथ फ्लावर ऑन माय फेस लाफ्टर इन द एयर एंड अ केक सो टेरेबल माय फैमिली शीज़ यू अबाउट दैट। आई वाज़ सेवन इयर्स ओल्ड बैक। माय नेम इज़ आर ब्राउन। आई ऍम 12 इयर्स ओल्ड एंड यस आई एम अ बेकर। आई एम द फाउंडर ऑफ़ एस्ट्रिक्स अ स्माल बेकिंग वेंचर व्हिच आई स्टार्टेड इन 2024 इन द लास्ट वन एंड हाफ इयर्स आई हैव परफेक्टेड ओवर 25 प्लस रेसिपीज़ होस्टेड सोल्ड आउट इवेंट्स एंड ऑन द वे आई लर्न समथिंग मैजिकल ड्रीम्स कैन क् ...