Mondelez International

MDLZ

Market cap $74.3B

EAST HANOVER, N.J., Nov. 28, 2025 (GLOBE NEWSWIRE) -- Mondelēz Global LLC announced today a voluntary recall of 70 cases of RITZ Peanut Butter Cracker Sandwiches and sold in the following U.S. states: New York, New Jersey, Pennsylvania, Georgia, Arkansas, Missouri, Oklahoma, and Alabama.

MDLZ posts a strong Q3 but trims its outlook as retailer destocking, soft Europe demand and tariff uncertainty cloud near-term momentum.

The brand's second spot in the Big Game kicks off a monumental year for RITZ ® Crackers. EAST HANOVER, N.J.

MDLZ faces record cocoa costs and rising elasticity as it works to rebuild margins through pricing resets and productivity gains.

Chocolate prices have surged nearly 30% since last Halloween due to inflation, tariffs, and a global cocoa shortage. Shoppers are shifting toward cheaper, trendier candies such as gummies and sour treats, with chocolate's Halloween market share dropping from 52% to 44%, according to Circana.

MDLZ shares drop 6% as Q3 results show strong y/y sales but weaker profits and a softer 2025 forecast amid cocoa cost pressures.

Mondelez International, Inc. reported very weak Q3 results, reflecting the company's limited ability to shift cocoa inflation into pricing. Cocoa prices have started to moderate due to improved crops, setting up an earnings recovery for upcoming years. The implied Q4 EPS guidance already suggests stabilization. MDLZ stock is now undervalued as cocoa deflation should recover Mondelez's earnings power. I estimate 38% upside to $78.9.

U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Wednesday.

Mondelez International, Inc. (NASDAQ:MDLZ ) Q3 2025 Earnings Call October 28, 2025 5:00 PM EDT Company Participants Dirk Van de Put - Chairman & CEO Luca Zaramella - Executive VP & CFO Conference Call Participants Andrew Lazar - Barclays Bank PLC, Research Division Peter Galbo - BofA Securities, Research Division David Palmer - Evercore ISI Institutional Equities, Research Division Megan Christine Alexander - Morgan Stanley, Research Division Thomas Palmer - JPMorgan Chase & Co, Research Division Christopher Carey - Wells Fargo Securities, LLC, Research Division Presentation Operator Good afternoon, and welcome to the Mondelez International 2025 Third Quarter Earnings question-and-answer session. [Operator Instructions] On today's call are Dirk Van de Put, Chairman and CEO; Luca Zaramella, CFO; and Shep Dunlap, SVP of Investor Relations.

Mondelez International (NASDAQ: MDLZ) reported Q3 2025 earnings that met adjusted profit expectations but fell short on revenue, leaving investors underwhelmed.