Worldwide, Mondelez’s net revenues were up 2.3% year over year to $9.97 billion in the third quarter, according to the release.
Mondelez meets the demand for snack foods with a range of biscuits, baked snacks and chocolates. Its brands include Oreo, Ritz and Cadbury Dairy Milk, per the release.
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Mondelez’s new revenues in North America were up 1.1% to $2.85 billion, according to the release. Consumer spending in North America continued to grow, even though consumer confidence was still pressured by energy prices. Shoppers sought value channels and smaller packs, though premium and “better-for-you” options also grew, Mondelez said in a Q3 2026 Results presentation released Thursday.
“In North America, I would say consumer confidence remains soft, driven by energy and fuel prices,” Van de Put said during a Thursday earnings call. “And, to be honest, I don’t think its going to improve anytime soon. The K-shaped economy continues, where the growth is really coming from the higher-income households.”
Europe was down 3.3% to $3.55 billion, the release said. European consumers remained cautious, though their confidence improved slightly compared to the previous quarter. These shoppers showed a growing trend toward smaller baskets, value propositions and eCommerce, according to the presentation.
“You’ve seen some of the things that are going on due to the energy prices and the cost-of-living increases,” Van de Put said. “So, clearly, inflation is high on the minds of consumers. The other thing, seeing all the heavy price increases last year, most players in our markets are behaving very rationally.”
Mondelez made its biggest percentage gains in Latin America, which was up 12% to $1.39 billion, and its Asia, Middle East and Africa region, which was up 8.2% to $2.18 billion, per the release. In emerging markets, shoppers remain resilient but slightly more cautious. They continued to buy essentials and affordable treats, but they shifted to smaller packs, value channels, eCommerce and quick commerce, per the presentation.
“There is inflation driven by the conflict in the Middle East, and that is a concern with consumers, for instance, in India,” Van de Put said during the call. “But, overall, we feel good about the consumer in emerging markets at this stage.”
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