Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's brand portfolio includes Oreo, Ritz, LU, CLIF Bar, and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka, and Toblerone chocolate. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, distribution centers, third party distributors, and other facilities, as well as through independent sales offices and agents. The company also sells products directly to businesses and consumers through e-retail platforms, retailer digital platforms, as well as through its direct-to-consumer websites and social media platforms. Mondelez International, Inc. was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. The company was incorporated in 2000 and is headquartered in Chicago, Illinois.

Mondelez looks like a high-quality but not cheap defensive business: the market is already pricing in strong expectations, while the fundamentals do not provide a reason for aggressive re-rating. From a valuation standpoint, the picture is stretched: P/E is around 30, P/S is close to 2, P/B is around 3, and P/FCF is above 30 — all noticeably above the sector median, indicating a premium to the industry and limiting upside in the valuation. At the same time, the trend in the multiples does not look like a convincing argument for further premium expansion, because the values remain high and fluctuate without sustained improvement. Profitability is mixed: operating margin is slightly better than the industry, but gross margin is below the median, while ROE, ROA, and ROI are noticeably weaker than industry benchmarks. It is especially important that the annual trend shows a deterioration in earnings quality: ROE and margins were higher earlier and then declined, reducing confidence in the sustainability of the current valuation. Debt levels are moderate in absolute terms, but debt/equity is above the median, and current and quick ratios are very weak, which adds caution regarding the balance sheet. The dividend yield of around 0.86% looks modest for a defensive consumer sector and does not fully compensate for the high multiples. On the other hand, revenue and equity remain stable, while net income and operating income remain positive, confirming the resilience of the business. However, the dynamics of profit and EBITDA do not show any clear acceleration, and gross profit and operating income have not shown a strong upward trend in recent periods. Overall, this is more a story of a mature company with a strong brand and solid cash flows, but with limited re-rating potential due to expensive valuation and weakening efficiency. For an investor, this means the base case should be slightly lowered: the fundamentals support the business, but do not justify maintaining the previous target valuation without a discount for the high cost and weak liquidity.

Mondelez International, Inc.

Слабый индекс, без изменений. Уверенность быков остается на низком уровне.

Weak index, flat. Bullish confidence remains low.

Слабый индекс, значительно упал. Медведи сохранили, но резко ослабили уверенность в своих позициях.

Weak index, significantly down. The bears retained but sharply weakened their confidence in their positions.

Сильный индекс, незначительно вырос. Рынок на стороне быков.

Strong index, slightly up. The market is on the bulls' side.

Сильный индекс, без изменений. Приток средств в лонги на высоком уровне.

Strong index, flat. Inflow of funds into longs at a high level.

Сильный индекс, незначительно вырос. Отток средств из шортов на высоком уровне.

Strong index, slightly up. Outflow of funds from shorts at a high level.

MDLZ remains a resilient branded business, but expensive multiples, weak liquidity, and declining profitability limit its re-rating potential.

Mondelez International, Inc. MDLZ posted second-quarter 2026 results, wherein both top and bottom lines beat the Zacks Consensus Estimate. Net sales increased year over year. Management raised fiscal 2026 guidance for organic net revenues.
Adjusted earnings were 73 cents per share, which decreased 2.7% on a constant-currency (cc) basis. The decline was caused by weaker operating performance and higher interest and other expenses, partially offset by lower income taxes and favorable currency movements. The metric beat the Zacks Consensus Estimate of 67 cents per share.
Mondelez International, Inc. Price, Consensus and EPS Surprise
Net revenues rose 4.1% year over year to $9,355 million, outpacing the Zacks Consensus Estimate of $9,227 million. This growth was driven by 2.2% organic net revenue growth and favorable currency movements, partly offset by the impact of a prior-year divestiture.
Organic net revenues rose 2.2% year over year in the second quarter, primarily driven by pricing and volume/mix, which contributed growth of 1.5% and 0.7%, respectively.
MDLZ’s Revenue & Margin Breakdown: Key Insights
Revenues from emerging markets increased 7.4% year over year to $3,909 million, with organic growth of 4.4%. Growth was broad-based across all snacking categories except chocolate, where gains were primarily pricing-led and partially affected by purchase price accounting. Key growth markets included India, continued strength in Brazil and robust performances in Mexico and Southeast Asia.
Revenues from developed markets increased 1.9% year over year to $5,446 million, with organic growth of 0.7%. This increase reflected gradual improvement across key regions, with North America driving revenue, volume, profit and market share growth, while the European business continued to show signs of recovery.
Region-wise, revenues jumped 15.1% in Latin America, 8.2% in Asia, the Middle East and Africa (“AMEA”), 3% in North America and fell 1% in Europe. On an organic basis, revenues rose 8.4% in Latin America, 7.1% in AMEA, 3.4% in North America and fell 3.5% in Europe.
Adjusted gross profit increased $92 million at constant currency, while the adjusted gross profit margin improved 20 basis points to 34%, benefiting from higher net pricing and lower manufacturing costs driven by productivity, partially offset by elevated raw material costs.
Adjusted operating income declined $78 million at constant currency, while the adjusted operating margin contracted 120 basis points to 13.1%, reflecting higher raw material, selling, general and administrative, and advertising and consumer promotion costs, partly offset by higher net pricing and reduced manufacturing costs driven by productivity.
Mondelez’s Financial Health Snapshot
MDLZ ended the quarter with cash and cash equivalents of $1,716 million and long-term debt of $16,460 million. For the six months ended June 30, 2026, the company generated $1,322 million in net cash from operating activities and delivered free cash flow of $668 million.
Year to date, the company has returned $1.5 billion in capital to shareholders through dividends and share repurchases.
MDLZ increased its quarterly cash dividend by 4% to 52 cents per share.
What to Expect From MDLZ in 2026?
For 2026, the company now expects at least 2% organic net revenue growth, up from its previous guidance of flat to 2% growth. It continues to project adjusted EPS growth ranging from flat to 5% on a constant-currency basis and expects approximately $3 billion in free cash flow.
This Zacks Rank #3 (Hold) company has risen 1.7% in the past three months compared with the industry’s 3.3% growth.
Image Source: Zacks Investment Research
Stocks to Consider
United Natural Foods, Inc. UNFI distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for United Natural’s current fiscal-year earnings implies growth of 254.9% from the year-ago figures. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
US Foods Holding Corp. USFD engages in the marketing, sale and distribution of fresh, frozen and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2 (Buy). US Foods Holding delivered a trailing four-quarter earnings surprise of 1.4%, on average.
The Zacks Consensus Estimate for US Foods Holding’s current fiscal-year sales and earnings implies growth of 5.1% and 16.3%, respectively, from the year-ago figures.
The J. M. Smucker Company SJM manufactures and markets branded food and beverage products worldwide. It currently has a Zacks Rank #2. SJM delivered a trailing four-quarter earnings surprise of 1.5%, on average.
The Zacks Consensus Estimate for The J. M. Smucker’s current fiscal-year earnings indicates growth of 8.7%, from the prior-year reported levels.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mondelez Q2 Earnings Beat Estimates, 2026 Organic Sales Outlook Up

For the quarter ended June 2026, Mondelez (MDLZ) reported revenue of $9.36 billion, up 4.1% over the same period last year. EPS came in at $0.73, compared to $0.73 in the year-ago quarter.
The reported revenue represents a surprise of +1.39% over the Zacks Consensus Estimate of $9.23 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +8.96%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America: $2.63 billion compared to the $2.58 billion average estimate based on three analysts. The reported number represents a change of +3% year over year.
Geographic Revenue- Europe: $3.38 billion versus $3.5 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
Geographic Revenue- AMEA: $1.97 billion compared to the $1.91 billion average estimate based on three analysts. The reported number represents a change of +8.2% year over year.
Geographic Revenue- Latin America: $1.37 billion compared to the $1.3 billion average estimate based on three analysts. The reported number represents a change of +15.1% year over year.
Shares of Mondelez have returned +0.9% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Mondelez (MDLZ) Q2 Earnings: A Look at Key Metrics

(RTTNews) - Mondelez International, Inc. (MDLZ) revealed a profit for its second quarter that Increases, from last year
The company's earnings totaled $1.548 billion, or $1.20 per share. This compares with $641 million, or $0.49 per share, last year.
Excluding items, Mondelez International, Inc. reported adjusted earnings of $943 million or $0.73 per share for the period.
The company's revenue for the period rose 4.1% to $9.355 billion from $8.984 billion last year.
Mondelez International, Inc. earnings at a glance (GAAP) :
-Earnings: $1.548 Bln. vs. $641 Mln. last year. -EPS: $1.20 vs. $0.49 last year. -Revenue: $9.355 Bln vs. $8.984 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mondelez International, Inc. Bottom Line Climbs In Q2

(RTTNews) - Mondelez International, Inc. (MDLZ) will host a conference call at 5:00 PM ET on July 28, 2026, to discuss Q2 26 earnings results.
To access the live webcast, log on to https://ir.mondelezinternational.com/events/event-details/mondelez-international-report-q2-2026-financial-results
To listen to the call, dial (800) 347-6865 (US) or (203) 518-9757 (International).
For a replay call, dial 800-839-5130 (US) or 402-220-2693 (International) with access code MDLZQ226.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mondelez International Q2 26 Earnings Conference Call At 5:00 PM ET

The following companies are expected to report earnings after hours on 07/28/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
Visa Inc. (V)is reporting for the quarter ending June 30, 2026. The financial transactions company's consensus earnings per share forecast from the 11 analysts that follow the stock is $3.23. This value represents a 8.39% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 7.12%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for V is 27.63 vs. an industry ratio of 25.00, implying that they will have a higher earnings growth than their competitors in the same industry.
KLA Corporation (KLAC)is reporting for the quarter ending June 30, 2026. The electrical instrument company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.00. This value represents a 6.38% increase compared to the same quarter last year. In the past year KLAC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for KLAC is 54.81 vs. an industry ratio of 14.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Seagate Technology Holdings PLC (STX)is reporting for the quarter ending June 30, 2026. The computer company's consensus earnings per share forecast from the 4 analysts that follow the stock is $4.89. This value represents a 108.97% increase compared to the same quarter last year. In the past year STX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 20.25%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for STX is 57.78 vs. an industry ratio of 20.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Waste Management, Inc. (WM)is reporting for the quarter ending June 30, 2026. The waste removal company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.99. This value represents a 3.65% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for WM is 29.15 vs. an industry ratio of 21.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Mondelez International, Inc. (MDLZ)is reporting for the quarter ending June 30, 2026. The food company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.67. This value represents a 8.22% decrease compared to the same quarter last year. In the past year MDLZ has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 9.84%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MDLZ is 19.96 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
NXP Semiconductors N.V. (NXPI)is reporting for the quarter ending June 30, 2026. The semiconductor company's consensus earnings per share forecast from the 6 analysts that follow the stock is $3.20. This value represents a 38.53% increase compared to the same quarter last year. In the past year NXPI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 0.38%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for NXPI is 19.89 vs. an industry ratio of 81.50.
Ford Motor Company (F)is reporting for the quarter ending June 30, 2026. The auto (domestic) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.33. This value represents a 10.81% decrease compared to the same quarter last year. F missed the consensus earnings per share in the 4th calendar quarter of 2025 by -23.53%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for F is 9.06 vs. an industry ratio of 32.60.
Bloom Energy Corporation (BE)is reporting for the quarter ending June 30, 2026. The alternative energy company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.23. This value represents a 866.67% increase compared to the same quarter last year. In the past year BE has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 1400%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for BE is 131.59 vs. an industry ratio of 18.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Teradyne, Inc. (TER)is reporting for the quarter ending June 30, 2026. The electrical instrument company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.04. This value represents a 257.89% increase compared to the same quarter last year. In the past year TER has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 21.33%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for TER is 46.50 vs. an industry ratio of 14.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Arch Capital Group Ltd. (ACGL)is reporting for the quarter ending June 30, 2026. The insurance (property & casualty) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.49. This value represents a 3.49% decrease compared to the same quarter last year. In the past year ACGL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 2.04%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ACGL is 11.12 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Extra Space Storage Inc (EXR)is reporting for the quarter ending June 30, 2026. The reit company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.06. This value represents a 0.49% increase compared to the same quarter last year. EXR missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -0.49%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for EXR is 17.95 vs. an industry ratio of 14.20, implying that they will have a higher earnings growth than their competitors in the same industry.
FirstEnergy Corp. (FE)is reporting for the quarter ending June 30, 2026. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.49. This value represents a 5.77% decrease compared to the same quarter last year. In the past year FE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for FE is 18.07 vs. an industry ratio of 19.20.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for July 28, 2026 : V, KLAC, STX, WM, MDLZ, NXPI, F, BE, TER, ACGL, EXR, FE

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Consumer Staples Select Sector SPDR Fund (Symbol: XLP) where we have detected an approximate $409.7 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 168,371,809 to 173,171,809). Among the largest underlying components of XLP, in trading today Colgate-Palmolive Co. (Symbol: CL) is up about 3.3%, Altria Group Inc (Symbol: MO) is up about 5.6%, and Mondelez International Inc (Symbol: MDLZ) is up by about 4.5%. For a complete list of holdings, visit the XLP Holdings page » The chart below shows the one year price performance of XLP, versus its 200 day moving average:
Looking at the chart above, XLP's low point in its 52 week range is $75.16 per share, with $90.14 as the 52 week high point — that compares with a last trade of $88.56. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further XLP Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

XLP, CL, MO, MDLZ: Large Inflows Detected at ETF

Mondelez International, Inc. MDLZ 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.
Mondelez International, Inc. Price, Consensus and EPS Surprise
Factors Likely to Influence MDLZ’s Upcoming Results
Mondelez’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 MDLZ
Our 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 Combination
Here 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 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 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 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.
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The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mondelez Q2 Earnings Coming Up: Here's What You Should Know

As the latest earnings season unfolds, investor attention is once again turning toward the Consumer Staples sector, a defensive corner of the market that has historically demonstrated resilience during periods of economic uncertainty.
Companies in this space continue to benefit from relatively stable demand for everyday essentials, including packaged foods, beverages, household products and personal-care items. Although consumers remain selective with their spending, staple categories have generally held up well, supported by strong brands, broad distribution networks and the non-discretionary nature of their products.
According to the latest Zacks Earnings Outlook, the Consumer Staples sector is expected to witness 1.5% earnings growth this earnings cycle, with revenues likely to advance 4.8%.
Cost Pressures & Value-Seeking Trends Likely to Shape Results
This earnings season, investors will closely assess how companies are balancing persistent cost pressures with evolving consumer behavior. While inflation has moderated from its recent peaks, commodity costs remain elevated across several categories, including cocoa, edible oils, energy and transportation.
Geopolitical uncertainty and tariff-related costs continue to create volatility across global supply chains. Many companies have responded by strengthening sourcing strategies, improving manufacturing efficiency, optimizing product portfolios and intensifying productivity initiatives to protect profitability.
Another key theme is the industry's shift from relying primarily on pricing to generating more balanced growth through innovation, distribution expansion and volume recovery. Consumer demand has become increasingly value-oriented, prompting companies to emphasize affordable pack sizes, premium innovations with differentiated value propositions and greater exposure to fast-growing channels such as club stores, convenience outlets and e-commerce.
At the same time, disciplined inventory management, operational improvements and targeted marketing investments are helping many consumer staple companies maintain healthy margins despite a challenging operating backdrop.
Finding Potential Earnings Winners
Pinpointing stocks that may outperform earnings expectations can be challenging, but the Zacks methodology helps streamline the selection process. Using the Zacks Stock Screener, we have identified several consumer staple stocks that appear favorably positioned to exceed the Zacks Consensus Estimate this earnings season.
Our research shows that for stocks with the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), the chance of an earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
3 Consumer Staples Stocks Poised to Beat Estimates
Lamb Weston Holdings, Inc. LW enters the earnings season with improving momentum in North America, where customer wins, share gains and strong retention are supporting volumes. The company’s Focus to Win strategy is also yielding benefits through better plant execution, tighter capital discipline and cost savings that are running ahead of plan. Management raised the midpoint of its fiscal 2026 sales and adjusted EBITDA outlook, reflecting confidence in underlying execution.
International conditions remain challenging because of excess capacity, weak restaurant traffic and unfavorable mix, but ongoing production curtailments and cost actions should help protect profitability and keep Lamb Weston well-positioned. LW currently has an Earnings ESP of +3.56% and a Zacks Rank #3. The Zacks Consensus Estimate for fourth-quarter fiscal 2026 earnings per share (EPS) has risen by a penny to 61 cents in the past 30 days. Lamb Weston has a trailing four-quarter earnings surprise of 23.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Mondelez International, Inc. MDLZ currently has an Earnings ESP of +0.38% and a Zacks Rank #3. The company appears well-positioned heading into earnings, supported by resilient global snacking demand, strong emerging-market growth and improving trends across several developed markets. MDLZ continues to invest in brand building, innovation and distribution expansion, with a particular emphasis on high-growth channels such as club, convenience and discount stores.
Momentum in chocolate, biscuits and candy, along with solid performance in India, Brazil, China and Southeast Asia, provides broad-based support for the top line. Cocoa-cost phasing remains a near-term earnings headwind, but management expects the pressure to ease sequentially. The Zacks Consensus Estimate for second-quarter 2026 EPS has remained unchanged at 67 cents in the past 30 days. Mondelez has a trailing four-quarter earnings surprise of 5.4%, on average.
Church & Dwight Co., Inc. CHD has an Earnings ESP of +0.65% and a Zacks Rank #3 at present. CHD enters the earnings season with solid operating momentum, driven by volume-led organic growth, distribution gains and a steady pipeline of innovation. ARM & HAMMER, THERABREATH, HERO and other key brands continue to gain traction, while e-commerce now represents a meaningful share of consumer sales.
Productivity initiatives and portfolio improvements are supporting margin expansion and helping offset inflation and tariff-related costs. Although higher transportation, marketing and SG&A expenses may pressure near-term earnings, strong brand execution and broad-based distribution gains leave Church & Dwight well-placed. The consensus mark for second-quarter 2026 EPS has remained unchanged at 89 cents in the past 30 days. Church & Dwight has a trailing four-quarter earnings surprise of 6.5%, on average.
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3 Consumer Staples Stocks Positioned for Earnings Surprises

Key Points
Even with its recent weakness, Mondelez is outpacing its home sector and the broader market.
The Oreo maker’s dividend yield is more than triple that of the S&P 500.
That dividend and its growth appear to be safe long-term bets.
Corrections, or declines of 10% to 20% from recent highs, are normal and can occur for a variety of reasons. To the latter point, investors considering individual stocks need to assess why a particular name is in the correction "penalty box."
Inevitably, some corrections signal more bearishness to come, but there are examples of stocks pulling back from their 52-week highs, offering investors potentially compelling opportunities to get involved. Snack giant Mondelez (NASDAQ: MDLZ) is in the latter category.
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Shares of the Ritz maker, which yield 3.3%, reside 17.4% below the 52-week high as of Tuesday, July 14. That's close to a bear market (a decline of 20% or more), but there are reasons to believe this consumer staples stock can get its groove back.
The Fed and a cocoa conundrum
If there's a bright side to the pullback experienced by Mondelez stock since notching its 52-week high, it's that the culprits are easy to understand. The big offenders are the Federal Reserve and high cocoa prices. Mondelez isn't a dedicated chocolate company, but it makes Cadbury chocolate products and Oreos, making it a major cocoa buyer.
Unfortunately, the price of that commodity is soaring, and when that happens, Mondelez passes its higher input costs on to already inflation-wary consumers. Inflation is involved in how the Fed affects high-dividend stocks like Mondelez. Rate hikes are the "blunt instruments" typically deployed by central banks to dampen high consumer and producer prices.
Often, that's problematic for high-dividend stocks. Higher interest rates usually push Treasury yields higher, prompting many income investors to favor lower-risk U.S. government debt over dividend stocks.
The June reading of the Consumer Price Index (CPI) released Tuesday fell 0.4%, the largest monthly drop since April 2020. There's still work to be done on the inflation front, but in what could be good news for Mondelez, Fed funds futures show a high probability the central bank will stand pat at its meeting later this month. Standing pat is better than a rate hike.
Here's something else that shouldn't be overlooked regarding Mondelez: Although the stock trades well below its 52-week high, it's up year to date. Actually, it's outperforming the S&P 500 and the broader consumer staples sector, indicating that even with the cocoa and Fed headwinds, the stock has been surprisingly durable.
A healthy, tasty dividend
Yes, high bond yields can be a drag on select dividend stocks, particularly those from defensive sectors, which Mondelez certainly is. However, there's something for long-term equity income investors to consider with this stock.
Not only has Mondelez boosted its payout for 14 consecutive years, but some experts see the dividend rising in the high single digits annually through 2035. It's an attainable target, particularly since the company has no debt coming due for another five years.
For the sake of argument, let's say "high-single-digit" payout growth equals 7% and core inflation remains stuck at 2.6%, as was the case last month. There are no guarantees that those scenarios will play out in unison, but the point is that Mondelez has the potential to deliver inflation-thumping dividend growth over the long term.
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Mondelez Is 17% Below Its 52-Week High. Here's Why Income Investors Should Buy the Dip.

For Immediate Release
Chicago, IL – July 15, 2026 – Today, Zacks Equity Research Mondelez International, Inc. MDLZ, Sysco Corp. SYY, United Natural Foods, Inc. UNFI and Mama's Creations, Inc. MAMA.
Industry: Food
Link: https://www.zacks.com/commentary/2952895/4-miscellaneous-food-stocks-to-keep-an-eye-on-amid-industry-headwinds
The Zacks Food-Miscellaneous industry continues to face a challenging environment as elevated living costs and cautious consumer spending drive demand for value-oriented and private-label products. Uneven foodservice demand, coupled with intense promotional activity, has pressured sales volumes and limited pricing flexibility, creating a competitive landscape for food companies.
Despite these headwinds, companies are investing in product innovation, supply-chain modernization and operational efficiencies to strengthen profitability and competitiveness. Growing demand for health-focused and convenience-oriented foods is also creating new opportunities. Mondelez International, Inc., Sysco Corp., United Natural Foods, Inc. and Mama's Creations, Inc. are well positioned to capitalize on these trends.
About the Industry
The Zacks Food-Miscellaneous industry consists of companies that manufacture and sell a wide range of food and packaged food items, such as cereals, flour, sauces, bakery items, spices and condiments, natural and organic food items and frozen products. Some companies also provide comfort food items, such as chocolates and ready-to-serve meals, soups and snacks. A few players are engaged in providing pet food products and supplements.
Several food companies also offer organic and natural products. Companies operating in this space sell their products mainly through wholesalers, distributors, large retail organizations, grocery chains, mass merchandisers, drug stores and e-commerce service providers. Some also cater to foodservice channels, including restaurants, cafes and hotels. Others offer services to schools, hospitals and industry caterers.
Major Trends Shaping the Future of the Food Industry
Value-Conscious Consumer Behavior Pressures Demand: Consumer spending patterns remain pressured, with shoppers increasingly prioritizing value and affordability in everyday food purchases. Elevated living costs continue to accelerate the shift toward private-label and lower-priced alternatives, creating volume pressure for branded food manufacturers. Foodservice demand has also remained uneven as consumers moderate dining frequency and increasingly favor at-home consumption. These dynamics have intensified promotional activity and competition across categories, weighing on organic volume growth and limiting pricing flexibility for several industry participants.
Persistent Cost Inflation Pressures Margins: Food companies continue to face elevated costs across raw materials, labor, packaging and transportation. Although prior pricing actions have provided partial relief, margin recovery remains uneven amid ongoing cost volatility. At the same time, companies are investing in supply-chain resilience, automation, manufacturing upgrades and operational efficiencies to strengthen long-term competitiveness. While strategically important, these initiatives have added near-term cost pressure, making profitability increasingly dependent on productivity gains, execution and disciplined expense management.
Health and Wellness Trends Drive Portfolio Innovation: Growing demand for health-focused, functional and premium food products continues to create long-term growth opportunities across the industry. Consumers remain increasingly drawn to brands offering cleaner labels, nutritional benefits and convenience-oriented solutions. In response, companies are modernizing their portfolios through product innovation, reformulation initiatives and expansion into adjacent growth categories. These efforts are helping strengthen brand relevance, support pricing resilience and position companies for more sustainable long-term growth within the Food-Miscellaneous industry.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Food-Miscellaneous industry is housed within the broader Zacks Consumer Staples sector. The industry currently carries a Zacks Industry Rank #214, which places it in the bottom 13% of more than 247 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence about this group’s earnings growth potential. Since the beginning of May 2026, the industry’s consensus earnings estimate for the current financial year has declined 2.7%.
Let’s take a look at the industry’s performance and current valuation.
Industry vs. Broader Market
The Zacks Food-Miscellaneous industry has underperformed the S&P 500 and the broader Zacks Consumer Staples sector over the past year.
The industry has declined 22.7% over this period against the S&P 500 and the broader sector’s growth of 24.2% and 0.6%, respectively.
Industry's Current Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing consumer staples stocks, the industry is currently trading at 14.41X compared with the S&P 500’s 21.23X and the sector’s 16.96X.
Over the past five years, the industry has traded as high as 19.32X and as low as 13.78X, with the median being at 16.67X.
4 Food Stocks to Keep a Close Eye On
United Natural Foods: This Zacks Rank #1 (Strong Buy) company is one of North America's leading grocery wholesalers, serving retailers with a broad assortment of natural, organic, fresh, specialty and conventional products. United Natural Foods continues to strengthen its position through an extensive distribution network, value-added services and private brands that help retailers differentiate their offerings.
The company remains focused on enhancing customer service, expanding digital and merchandising capabilities, modernizing its supply chain and improving operational efficiency through technology investments. United Natural Foods also continues to support retailers and suppliers with integrated solutions while maintaining disciplined cost management and productivity initiatives to drive profitable growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for UNFI’s current fiscal-year earnings per share (EPS) has remained unchanged at $2.52 over the past seven days. Shares of United Natural Foods have gained 109.4% over the past year.
Mama's Creations: This Zacks Rank #2 (Buy) company is a provider of fresh deli-prepared foods, offering a broad portfolio of ready-to-eat and ready-to-cook meal solutions, including meatballs, chicken, meatloaf, sausages, pasta and other prepared foods. Mama's Creations continues to strengthen its position through product innovation, an expanding manufacturing and distribution network and growing relationships with leading grocery, club and mass retail customers.
The company remains focused on enhancing operational efficiency through technology investments and supply-chain improvements while expanding its branded and private-label offerings. Mama's Creations also emphasizes disciplined execution, customer collaboration and strategic acquisitions to support sustainable growth and profitability.
The Zacks Consensus Estimate for MAMA’s current fiscal-year EPS has remained unchanged at 26 cents over the past seven days. Shares of Mama's Creations have rallied 115.2% over the past year.
Mondelez: As one of the world's leading snacking companies, this Zacks Rank #3 (Hold) stock boasts a strong portfolio of iconic brands, including Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop, along with premium chocolate brands such as Cadbury Dairy Milk, Milka and Toblerone. Mondelez continues to drive growth through its core categories, including chocolate, biscuits and baked snacks.
Strategic portfolio optimization, product innovation and strong brand activations remain key contributors to the company’s long-term growth strategy. Mondelez is also focused on enhancing brand relevance, improving operational efficiency and maintaining disciplined cost management to support profitability. In addition, the company continues to expand its presence in better-for-you and wellness-oriented snacking categories to address evolving consumer preferences.
The Zacks Consensus Estimate for Mondelez’s current financial-year EPS has fallen 0.3% to $3.05 in the past seven days. Shares of MDLZ have fallen 10.4% in the past year.
Sysco:This Zacks Rank #3 company continues to capitalize on opportunities in the expanding food-away-from-home market through its diversified foodservice distribution operations and customer-focused approach. Sysco's "Recipe for Growth" framework remains central to its business strategy, strengthening sales capabilities, supply-chain execution, digital solutions and customer engagement.
The company continues to enhance operational efficiency through technology investments, merchandising initiatives and disciplined cost management while improving service levels across its distribution network. Sysco is also expanding its reach across customer segments and distribution channels, supported by a strong sales organization and ongoing investments aimed at driving sustainable growth and profitability.
The Zacks Consensus Estimate for SYY’s current fiscal-year EPS has remained unchanged at $4.59 in the past seven days. Shares of Sysco have gained 9.2% in a year.
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Indicator	TTM Median
P/E	30.03 19.07
Price/Sales	1.99 0.77
P/B	3.01 1.77
P/FCF	30.42 16.58

Indicator	TTM Median
ROE	10.02 14.73
ROA	3.66 6.75
ROI	6.06 9.35
Net Worth	78.02 1.25
Quick Ratio	0.37 0.79
Current Ratio	0.54 1.32

Indicator	TTM Median
Net Profit Margin	6.64 6.48
Operating Margin	9.35 8.48
Gross Margin	28.77 33.20
Return on tangible equity	0.00 23.46

Indicator	TTM Median
EPS	0.67 0.61
EPS Forecast	0.67 0.46
Revenue	10.08B 136.00M
Gross Profit	2.80B —
EBITDA	1.15B —

Mondelez International, Inc.

Recent quarterly and TTM performance

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