Track market-moving stories before they get noisy

Key Takeaways Mondelez to report second-quarter 2026 earnings on July 28, with revenue estimates of $9.22 billion.MDLZ EPS consensus stands at 67 cents, indicating an 8.2% decline year over year.MDLZ earnings may face pressure from elevated cocoa costs, inflation and higher brand spending. Mondelez International, Inc. (MDLZ - Free Report) is likely to witness top-line growth when it reports second-quarter 2026 earnings on July 28. The Zacks Consensus Estimate for revenues is pegged at $9.22 billion, indicating growth of 2.6% from the prior-year quarter’s reported figure.

The consensus mark for earnings has remained unchanged over the past 30 days at 67 cents per share, which, however, implies an 8.2% decline from the figure reported in the year-ago quarter. MDLZ has a trailing four-quarter earnings surprise of 5.4%, on average.

Factors Likely to Influence MDLZ’s Upcoming ResultsMondelez’s second-quarter performance is likely to have been supported by resilient demand across its global snacking portfolio, particularly in emerging markets, where consumer demand has remained relatively healthy. Pricing actions across several categories, coupled with continued strength in chocolate, biscuits and gum, are likely to have aided revenue growth despite mixed volume trends in certain developed markets. These factors are likely to have helped the company deliver year-over-year top-line improvement during the to-be-reported quarter.

The company’s broad geographic footprint is also likely to have remained a key strength. Emerging markets are likely to have continued driving business momentum, backed by wider distribution, strong brand execution and healthy performances across key regions. At the same time, developed markets are likely to have shown gradual stabilization, with improving retail dynamics in Europe and sequential recovery in the U.S. biscuit business strengthening the overall operating backdrop.

Mondelez’s continued focus on innovation, brand investments and channel expansion is also likely to have reinforced its competitive positioning. The company has been witnessing steady consumer demand for its well-established brands despite a challenging macro backdrop, supported by premium offerings, product innovation and a broader channel presence. Growing traction across convenience, club and e-commerce channels is also likely to have strengthened customer demand and supported market share trends.

However, profitability is likely to have remained under pressure in the upcoming quarter, as elevated cocoa costs and persistent commodity inflation continued to weigh on gross margins despite pricing actions. Higher brand-building investments and promotional spending might have further pressured operating margins, while pricing-related elasticity and package resizing initiatives are also likely to have weighed on earnings performance.

Earnings Whispers for MDLZOur proven model predicts an earnings beat for Mondelez this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.

 Mondelez carries a Zacks Rank #3 and has an Earnings ESP of +0.38%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks With the Favorable CombinationHere are some other companies worth considering, as our model shows that these also have the right combination of elements to beat on earnings this reporting cycle.

Archer-Daniels-Midland Company (ADM - Free Report) currently has an Earnings ESP of +12.50% and a Zacks Rank of 2.  You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Archer-Daniels’ upcoming quarter’s EPS is pegged at $1.28, which implies a 37.6% rise year over year. The consensus estimate for ADM’s quarterly revenues is pinned at $22.4 billion, which calls for 5.7% growth from the figure reported in the prior-year quarter. ADM delivered a trailing four-quarter earnings surprise of 5.4%, on average.

Kimberly-Clark Corporation (KMB - Free Report) currently has an Earnings ESP of +2.70% and a Zacks Rank of 3. The Zacks Consensus Estimate for Kimberly-Clark’s upcoming quarterly revenues is pegged at $4.2 billion. The figure implies a 1.7% increase from the prior-year quarter.

The Zacks Consensus Estimate for Kimberly-Clark’s quarterly earnings per share is pegged at $2.00, indicating a 4.2% gain from the year-ago period figure. KMB delivered a trailing four-quarter earnings surprise of 19.1%, on average.

Monster Beverage Corporation (MNST - Free Report) currently has an Earnings ESP of +0.45% and a Zacks Rank of 3. The consensus estimate for Monster Beverage’s quarterly revenues is pinned at $2.4 billion, which implies 14.6% growth from the figure reported in the prior-year quarter.

The Zacks Consensus Estimate for the upcoming quarter’s EPS is pegged at 59 cents, which indicates a 13.5% jump year over year. MNST delivered a trailing four-quarter earnings surprise of 9.6%, on average.

Key Takeaways Mondelez is expanding innovation across chocolate, biscuits, baked snacks and candy. Biscoff, Milkinis and Toblerone launches show momentum across key markets and channels. Organic net revenues rose 3% in Q1 2026, while volume/mix fell 0.5% on package downsizing. Mondelez International, Inc. (MDLZ - Free Report) is sharpening its innovation agenda to support consumer demand and improve volume trends across its global snacking portfolio. The company’s product pipeline is focused on new occasions, stronger brand relevance and momentum across chocolate, biscuits, baked snacks and candy.

As part of its first-quarter innovation update, Mondelez highlighted Cadbury Biscoff Egg, expanding the Biscoff platform with Cadbury chocolate, Biscoff spread and biscuit pieces. The platform has already exceeded expectations across many markets. Mondelez also introduced Milkinis in India, while Toblerone Very Limited Editions sold out in World Travel Retail despite premium pricing.

The innovation push is also visible in biscuits and baked snacks. Ritz Drizzled adds a sweet-and-salty twist to classic Ritz crackers and helped Ritz gain 0.2 percentage points of share year to date. In candy, Sour Patch Kids Chews expanded the brand’s portfolio, while Sour Patch Kids share is growing approximately 1 percentage point year to date.

These launches come as Mondelez works to balance pricing-led growth with healthier volume performance. In the first quarter of 2026, organic net revenues grew 3%, with pricing contributing 3.5 percentage points and volume/mix declining 0.5 percentage points. The volume/mix decline was due to package downsizing in select markets, with underlying volume/mix positive after excluding that impact.

Overall, MDLZ’s innovation pipeline gives the company a clear lever to rebuild demand beyond pricing. While volume recovery is still developing, broader product activity across key categories, distribution gains and stronger channel execution may support more balanced growth over time.

MDLZ Stock Price Performance, Valuation & EstimatesShares of Mondelez International have tumbled 13.2% over the past year compared with the industry’s decline of 20.7%. MDLZ currently carries a Zacks Rank #3 (Hold).

MDLZ Price Performance Versus Industry
Image Source: Zacks Investment Research

From a valuation standpoint, MDLZ trades at a forward price-to-earnings ratio of 18.31, higher than the industry’s average of 14.77.

MDLZ Valuation Compared to Industry
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MDLZ’s current and next fiscal-year earnings per share implies year-over-year growth of 4.8% and 11.2%, respectively.

Better-Ranked Stocks to ConsiderUnited Natural Foods, Inc. (UNFI - Free Report) , a major food wholesaler serving grocery retailers, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for United Natural’s current and next fiscal-year earnings per share suggests a year-over-year increase of 254.9% and 21.4%, respectively. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.

B&G Foods, Inc. (BGS - Free Report) manufactures, markets and distributes a broad portfolio of shelf-stable, frozen and specialty food products. BGS carries a Zacks Rank #2 (Buy).

The Zacks Consensus Estimate for B&G Foods’ current and next fiscal-year EPS calls for a year-over-year jump of 11.8% and 15.8%, respectively.

Mama's Creations, Inc. (MAMA - Free Report) , a maker of refrigerated prepared foods for retail and foodservice, carries a Zacks Rank #2 at present.

The Zacks Consensus Estimate for Mama's Creations’ current and next fiscal-year EPS suggests growth of 73.3% and 46.2%, respectively, from the prior-year reported levels. MAMA delivered a trailing four-quarter earnings surprise of 129.2%, on average.