Mondelēz International Showcases Structurally Stronger Business and Confidence in Reaccelerating Profitable Growth at 2026 CAGNY Conference

Rhea-AI Summary

Mondelēz International (NASDAQ: MDLZ) presented at CAGNY on Feb 17, 2026, highlighting a structurally stronger snack business and plans to reaccelerate profitable growth.

Key targets include 3–5% organic net revenue growth, high-single-digit adjusted EPS growth, and more than $3 billion in free cash flow, plus a path to increase core categories from ~80% to 90% of net revenues.

Positive

• Long-term algorithm: 3–5% organic net revenue growth
• EPS target: high-single-digit adjusted EPS growth
• Free cash flow: more than $3 billion target
• Core categories currently ~80% of net revenues, path to 90%

Negative

• 2025 performance impacted by unprecedented cocoa input cost inflation

Key Figures

Organic net revenue growth: 3–5% Adjusted EPS growth target: High single digit Free cash flow target: More than $3 billion +2 more

5 metrics

Organic net revenue growth 3–5% Long-term growth algorithm reaffirmed at CAGNY 2026

Adjusted EPS growth target High single digit Long-term adjusted EPS growth algorithm

Free cash flow target More than $3 billion Long-term annual free cash flow objective

Core categories share 80% of net revenues Current share of chocolate, biscuits and baked snacks

Core categories goal 90% of net revenues Target exposure to chocolate, biscuits and baked snacks over time

Market Reality Check

Price: $59.86 Vol: Volume 11,914,540 is clos...

normal vol

$59.86 Last Close

Volume Volume 11,914,540 is close to its 20-day average of 12,341,532 (relative volume 0.97x). normal

Technical Price 62.59 is trading above the 200-day MA of 61.75, indicating a slightly constructive longer-term trend pre-conference.

Peers on Argus

MDLZ is up 1.18% while key peers are mixed: HSY (-1.97%), DEO (-0.96%) weaker, a...

MDLZ is up 1.18% while key peers are mixed: HSY (-1.97%), DEO (-0.96%) weaker, and BUD (+0.34%), CL (+0.65%), MO (+0.64%) only modestly higher, suggesting a company-specific response rather than a broad sector move.

Historical Context

5 past events · Latest: Feb 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 12	Dividend declaration	Positive	+0.6%	Announced regular quarterly dividend of $0.50 per share to shareholders.
Feb 03	Earnings results	Neutral	+1.3%	Reported FY2025 growth with cocoa headwinds and outlined 2026 revenue, EPS, FCF outlook.
Feb 03	Brand marketing	Neutral	+1.3%	RITZ Big Game campaign and product push supporting distribution and brand visibility.
Jan 29	Leadership change	Positive	+2.0%	Appointed Luca Zaramella as EVP, COO and CFO expanding operational oversight.
Jan 27	Conference notice	Neutral	-2.2%	Announced upcoming CAGNY conference presentation with CEO and CFO participation.

Pattern Detected

Recent MDLZ news events, including earnings, marketing, governance and dividends, have generally seen mildly positive price reactions, with only the prior CAGNY presentation announcement drawing a negative move.

Recent Company History

Over recent weeks, Mondelēz has combined shareholder returns, strategic updates and leadership changes. A regular dividend of $0.50 per share was declared for payment on April 14, 2026. Q4 and FY 2025 results showed net revenue of $38.54B and free cash flow of $3.2B, alongside cocoa-driven EPS pressure. Brand marketing remained active with a Big Game RITZ campaign tied to $36.4B 2024 net revenues. Governance developments included Luca Zaramella’s appointment as EVP & COO/CFO. Today’s CAGNY strategy update builds directly on these themes of resilient growth and portfolio focus.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-02-04

An automatic shelf registration on Form S-3ASR filed on 2026-02-04 is effective, permitting Mondelēz and potential selling securityholders to issue various securities from time to time for uses including debt repayment, working capital, capital expenditures, subsidiary investments, acquisitions and share repurchases. No prospectus usage has been recorded yet (usage_count 0).

Market Pulse Summary

This announcement underscores Mondelēz’s focus on structurally stronger growth, reiterating a long-t...

Analysis

This announcement underscores Mondelēz’s focus on structurally stronger growth, reiterating a long-term algorithm of 3–5% organic net revenue growth, high-single-digit adjusted EPS growth and free cash flow above $3B. Management highlights portfolio reshaping toward chocolate, biscuits and baked snacks, plus distinct plans for Developed and Emerging Markets. Recent earnings and leadership updates provide context on how these priorities are being implemented. Investors may watch upcoming results, cash generation trends and progress toward increasing core-category exposure toward 90% of net revenues.

Key Terms

organic net revenue, adjusted eps, free cash flow, capital allocation, +1 more

5 terms

organic net revenue financial

"reaffirm its long-term growth algorithm of 3 to 5 percent organic net revenue growth"

Organic net revenue is the amount a company earns from its regular sales after returns and discounts, measured while excluding effects from acquisitions, divestitures and similar one-time or structural changes (and often currency swings). Think of it like tracking how much an existing store's receipts grew this year without counting sales from newly opened locations or bought competitors; investors use it to judge true customer demand and the health of the underlying business.

adjusted eps financial

"3 to 5 percent organic net revenue growth, high-single-digit adjusted EPS growth"

Adjusted earnings per share (adjusted eps) is a measure of a company's profit per share that has been modified to exclude certain one-time or unusual items, such as costs from restructuring or asset sales. It provides a clearer picture of the company’s core performance by removing events that may distort the usual earnings. Investors use adjusted eps to better understand a company's ongoing profitability and compare it more accurately over time.

free cash flow financial

"high-single-digit adjusted EPS growth and more than $3 billion in free cash flow"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

capital allocation financial

"fundamentals remain strong across categories, geographies, brands and capital allocation."

Capital allocation is the process of deciding how a company or individual uses their money to grow, pay bills, save, or invest. It matters because good decisions can help build wealth and ensure resources are used wisely, while poor choices can limit growth or cause financial problems. Think of it like managing your allowance—deciding whether to spend, save, or invest to meet your goals.

bolt-on m&a financial

"supporting brand reinvestment and growth-accretive, bolt-on M&A, while maintaining balance"

A bolt-on M&A is a relatively small acquisition made by a company to add a specific product, customer base, technology or geographic presence that fits closely with its existing business, like snapping a new module onto an existing machine. For investors it matters because these deals can boost revenue or cut costs more quickly and with less risk than big takeovers, often improving short-term growth prospects and the company’s valuation without radically changing its core operations.

AI-generated analysis. Not financial advice.

• Leading portfolio of iconic chocolate, biscuit and baked snack brands well positioned to capture growth in snacking occasions around the world
• Strong action plans to step-change growth in Developed Markets while continuing to drive robust momentum in Emerging Markets

CHICAGO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today will showcase its commitment to long-term value creation, driven by its global portfolio of iconic snack brands, at the 2026 Consumer Analyst Group of New York (CAGNY) Conference. Chair and Chief Executive Officer Dirk Van De Put and Chief Operating Officer/Chief Financial Officer Luca Zaramella will provide insights into the Company’s strategic priorities, action plans to reignite growth in Developed Markets, and continued momentum in Emerging Markets.

“Our strong foundation of consumer-loved brands, attractive categories and a diversified global footprint provide confidence in our ability to deliver consistent growth, resilience and returns,” Van de Put said. “Year after year, consumer research demonstrates that snacking remains the most dynamic and resilient space in food. By making significant and sustained investments to drive superior value, on-trend innovation and breakthrough activations, we’re confident that we can reaccelerate growth in Developed Markets while building upon our winning recipe in Emerging Markets.”

Delivering a Proven Growth Algorithm
Mondelēz International will reaffirm its long-term growth algorithm of 3 to 5 percent organic net revenue growth, high-single-digit adjusted EPS growth and more than $3 billion in free cash flow. While 2025 performance was impacted by unprecedented cocoa input cost inflation, the Company delivered solid top-line growth and strong free cash flow while continuing to reinvest in its brands and capabilities, demonstrating the resilience of its portfolio, footprint and categories.

“We’re confident that the critical investments and strategic choices we made throughout the past year have positioned our Company to generate significant and lasting value,” Zaramella said. “Our long-term fundamentals remain strong across categories, geographies, brands and capital allocation. At the same time, we have clear action plans to deliver improved volumes and return our Developed Markets to their normal cadence of profitable growth, while continuing to drive momentum in our Emerging Markets.”

Today’s CAGNY presentation will focus on four key areas of the Company’s strategy:

• Continuing progress on portfolio reshaping to increase exposure to the enduring, resilient core categories of chocolate, biscuits and baked snacks, which today account for approximately 80 percent of net revenues, with a clear path toward 90 percent over time
• Elevating performance in Developed Markets, with a focus on execution in U.S. biscuits and restoring consumption growth in Europe chocolate, supported by long-term, structural actions to improve cocoa supply resilience
• Expanding a scaled, volume-led growth engine in Emerging Markets, leveraging a local-first operating model, advantaged route-to-market capabilities and significant headroom across priority markets including China, India, Brazil and Mexico
• Unlocking value through strong cash generation and disciplined capital allocation, supporting brand reinvestment and growth-accretive, bolt-on M&A, while maintaining balance sheet flexibility

Presentation and Materials
Simultaneous with the webcast for CAGNY participants, today’s presentation and accompanying slides will be available in the investor section of the Company’s website www.mondelezinternational.com and will remain available on the website following the webcast.

About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.

Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements may include, among others, the words, and variations of words, “will,” “may,” “expect,” “would,” “could,” “might,” “intend,” “plan,” “believe,” “likely,” “estimate,” “anticipate,” “objective,” “predict,” “project,” “drive,” “seek,” “aim,” “target,” “remain,” “potential,” “commitment,” “outlook,” “continue” or other similar words or expressions that are intended to identify these forward-looking statements, including, but not limited to, statements of belief or expectation and statements about Mondelēz International’s outlook, performance, or leadership position in snacking . Although we believe the expectations reflected in these forward-looking statements are subject to change and to inherent risks and uncertainties, many of which are beyond Mondelēz International’s control and are amplified by ongoing macroeconomic volatility and uncertainty, which could cause Mondelēz International’s actual results or outcomes to differ materially from those projected or assumed in these forward-looking statements. Please also see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to Mondelēz International or which it currently considers to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in any forward-looking statements it makes. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

Contact:	Tracey Noe (Media)	Shep Dunlap (Investors)
	+1 847 943 5678	+1 847 943 5454
	news@mdlz.com	ir@mdlz.com

FAQ

What did Mondelēz (MDLZ) announce at the CAGNY conference on February 17, 2026?

They outlined strategic priorities and growth plans focused on Developed and Emerging Markets. According to the company, leadership presented action plans to reaccelerate growth, strengthen cocoa supply resilience, and increase exposure to chocolate, biscuits and baked snacks.

What is Mondelēz's long-term growth algorithm and targets for investors (MDLZ)?

The company targets 3–5% organic net revenue growth and high-single-digit adjusted EPS growth. According to the company, this also includes generating more than $3 billion in free cash flow to support reinvestment and M&A.

How does Mondelēz plan to improve cocoa supply resilience mentioned at CAGNY 2026 (MDLZ)?

They plan long-term structural actions to improve cocoa supply resilience and restore Europe chocolate consumption growth. According to the company, investments and sourcing initiatives will support stable cocoa availability and execution in key markets.

What portfolio mix change did Mondelēz disclose at CAGNY for MDLZ's net revenues?

Mondelēz said core categories (chocolate, biscuits, baked snacks) are about 80% of net revenues today, with a clear path toward 90% over time. According to the company, portfolio reshaping is ongoing to increase exposure to resilient categories.

How will Mondelēz (MDLZ) use cash generation and capital allocation to drive growth?

They will use strong cash generation for brand reinvestment and growth-accretive bolt-on M&A while preserving balance sheet flexibility. According to the company, disciplined capital allocation supports sustained investment in innovation and market expansion.