Mondelez International (NASDAQ: MDLZ) is a global snacking company that manufactures and sells packaged food and beverage products across more than 150 countries. Revenue is generated through transactional sales of branded snack products to retailers, distributors, and e-commerce partners, with pricing driven by brand strength, net pricing actions, and promotional trade spend. Net revenues were approximately $38.5 billion in FY2025, up from $36.4 billion in FY2024, with growth driven by higher net pricing, the November 1, 2024 acquisition of Evirth, and favorable currency translation. The company operates across global, regional, and local competitive markets, competing on brand recognition, product quality, taste, convenience, and distribution reach. Adjusted Operating Income margin contracted from 16.2% in FY2024 to 13.2% in FY2025, pressured by higher raw material costs and unfavorable product mix. The company distributes through direct store delivery, company-owned warehouses, distribution centers, third-party distributors, and digital commerce channels in partnership with pure e-tailers and omni-channel retailers.

Revenue model

Transactional sales of branded snack products to retailers, distributors, and e-commerce partners globally. Revenue is supported by net pricing actions, trade promotions, consumer promotions, and coupons. Net revenues reached approximately $38.5 billion in FY2025 (per 10-K filed 2026-02-04).

Products and services

Packaged snack foods and beverages sold under a portfolio of owned brands. Products span multiple formats, pack sizes, and price points. The company invested in brand intangible assets, recognizing impairment charges of $33 million in FY2025, $153 million in FY2024, and $26 million in FY2023 on certain brands. The November 2024 acquisition of Evirth added incremental net revenue in FY2025.

Customers and end markets

End consumers purchasing snack products globally through retail, omni-channel, and e-commerce partners. Key demand drivers include consumer preferences for premium versus value offerings, snacking occasions, and local taste profiles. The company serves a geographically diverse consumer base across developed and emerging markets including Brazil, China, India, Mexico, Argentina, Eastern Europe, the Middle East, Africa, and Southeast Asia.

Value-chain role

Branded consumer packaged goods manufacturer and marketer. Mondelez sources raw materials and packaging, manufactures products across a global network, and distributes through direct store delivery, company-owned and satellite warehouses, distribution centers, third-party distributors, and digital commerce channels. Independent sales offices and agents serve various international markets.

Geographic exposure

Global operations spanning more than 150 countries (per 10-K filed 2026-02-04). Currency exposure includes the euro, Russian ruble, British pound sterling, Swiss franc, Mexican peso, Brazilian real, Australian dollar, and Indian rupee. Emerging market expansion includes Brazil, China, India, Mexico, Argentina, Eastern Europe, the Middle East, Africa, and Southeast Asia. A portion of U.S. products and significant inputs are imported, creating tariff exposure as of January 2026.

Competitors

Global snack and food competitors (named collectively in filing as global, regional, and local competitors including start-up brands)

Source: SEC 10-K, filed 2026-02-04

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