Form 10-Q · Quarterly report
Mondelez International 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0001103982
- Accession no.
- 0001628280-26-050179
Summary
Mondelez International reported elevated cocoa prices, ongoing tariff and trade uncertainty, and continued operations in Russia while suspending new capital investment and advertising there. It noted the U.S. Supreme Court's first-quarter 2026 ruling that IEEPA tariffs were unlawful, with about $20 million paid and $6 million refunded as of June 30, 2026, and disclosed a $1.2 billion ERP and supply chain systems program expected to finish by year-end 2028.
Key points
- MDLZ paid about $20 million in IEEPA tariffs and had received about $6 million in refunds as of June 30, 2026, after the U.S. Supreme Court ruled in the first quarter of 2026 that the tariffs were unlawful.
- MDLZ's board approved $1.2 billion in July 2024 for a multi-year ERP and supply chain systems transformation, with expected completion by year-end 2028.
- In the second quarter of 2026, Russia generated 3.8% and Ukraine 0.4% of MDLZ consolidated net revenue, while Middle Eastern countries affected by conflict generated less than 1.0%.
- MDLZ said cocoa prices, while below prior-year peak levels, are expected to remain elevated compared with historical levels in the near and medium term.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Overview of Business and Strategy Our core business is making and selling chocolate, biscuits and baked snacks, with additional businesses in adjacent, locally relevant categories including gum & candy, meals and beverages around the world. We aim to be the global leader in snacking. Our strategy is to drive long-term growth by focusing on four strategic priorities: accelerating consumer-centric growth, driving operational excellence, creating a winning growth culture and scaling sustainable snacking. …
An excerpt of the text as filed with the SEC, cut for length.
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