Mondelez International, the maker of Oreo and Toblerone, reported better-than-expected first-quarter revenue and profit, driven by resilient consumer demand for chocolates and biscuits as well as sustained pricing strength.
The company’s shares rose around 2% in extended trading following the results, as it also reaffirmed its full-year organic revenue and profit outlook despite ongoing macroeconomic uncertainty.
Executives said demand trends remain stable across key markets, even as global consumer companies face potential risks from rising energy and commodity costs linked to geopolitical tensions.
Chief Financial Officer Luca Zaramella noted that additional costs related to the Middle East situation are under control, adding that the company is well hedged against fluctuations in oil and packaging expenses through the rest of the year and into 2027.
Mondelez has implemented multiple price hikes over the past year amid a surge in cocoa prices. However, a sharp correction in cocoa prices—down nearly 70% so far this year due to a global surplus—has helped ease margin pressures.
In North America, the company reported a marginal volume decline of 0.4 percentage points in the first quarter, an improvement compared to a 3.1 percentage-point drop in the same period last year. Pricing growth stood at 3.5 percentage points during the quarter, lower than the 6.6 percentage-point increase recorded a year ago.
The company maintained that consumer buying behaviour has not shown any significant shift so far, indicating continued resilience in demand for its core snacking portfolio.