Mondelez Q1 Revenue Beats Forecast, +3% Organic

Mondelez posted Q1 adjusted EPS $0.67, topping consensus $0.61, and revenue $10.08bn beating $9.75bn expectations.
Organic net revenue grew 3% driven by 3.5% price increase, partially offset by 0.5% volume decline; emerging markets up 6.3%.
Adjusted operating income fell 19% to $1.18bn, margin slipped 310 bps to 11.7%; EPS down 14.9% YoY.
Company reaffirmed FY2026 outlook of flat‑to‑2% organic revenue growth, 5% EPS growth, and expects $3bn free cash flow.