Mondelez International, Inc.
Mondelez International makes and markets branded snack foods, with a portfolio centered on biscuits and baked snacks, chocolate, gum and candy, and selected beverages and grocery items. The company sells through global retail and digital channels in more than 150 countries, using a region-based operating model to manage local tastes, distribution, and pricing.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCookies, crackers, salted snacks, snack bars, cakes and pastries.
Chocolate tablets, bars and other confectionery products sold globally.
Chewing gum and candy products sold through retail and convenience channels.
Powdered and other beverage products sold in selected markets.
Locally relevant grocery and cheese products in certain markets.
Products
Reported · share of revenue- Biscuits47.7 %
- Chocolate32.9 %
- Gum and Candy10.5 %
- Cheese and Grocery6.2 %
- Beverages2.6 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Mondelez sells primarily to large retail and wholesale channels, including supermarket chains, wholesalers, supercenters, club stores, mass merchandisers and convenience outlets. It also reaches consumers and business customers through e-retail platforms, retailer digital channels and direct-to-consumer websites, which matters as online grocery and snack purchasing grows.
Supermarkets, discounters, supercenters and club stores buy branded snacks for scale, shelf traffic and promotional support.
These intermediaries buy Mondelez products for onward distribution into smaller retail outlets and regional markets.
Convenience stores, gasoline stations and drug stores buy smaller pack formats for impulse purchases.
Pure-play e-tailers, omni-channel retailers and direct-to-consumer channels buy for online snack and grocery demand.
Other retail food outlets buy selected products for local consumption occasions and channel-specific assortments.
Strategy
Mondelez is focused on being the global leader in snacking by growing its core biscuit and chocolate franchises while expanding adjacent categories and local-market offerings. Management is also emphasizing operational excellence, a stronger growth culture, digital commerce and sustainable snacking, supported by a multi-year ERP and supply-chain transformation.
The company depends on strong brand demand, pricing power and local relevance in snacks.
Manufacturing and supply-chain efficiency are critical in a low-margin, high-volume food business.
Sustainability supports brand equity, regulatory readiness and long-term license to operate.
Geography
2025Mondelez sells in over 150 countries and operates in about 80, with 145 principal manufacturing and processing facilities across 49 countries. The company is heavily international: 75.8% of 2025 net revenue came from outside the United States, so foreign exchange, trade policy and local consumer trends are central to performance.
Share of the revenue the company reports by geography.
Risks
The business is exposed to volatile cocoa and other commodity costs, supply-chain disruption, and pricing pressure from powerful retail customers that can demand lower prices or more promotions. Because Mondelez operates globally, it also faces foreign exchange, tariff, geopolitical and cybersecurity risks, while goodwill and intangible assets remain exposed to impairment if growth or integration underperforms.
- Commodity and input cost volatilityImpact: HighLikelihood: High
Cocoa and other ingredients are major inputs, and price spikes can outpace pricing actions.
Exposure: Chocolate and baked snacks
- Retail customer consolidation and pricing pressureImpact: HighLikelihood: Medium
Fewer, larger customers can demand lower prices, more promotions or longer payment terms.
Exposure - Global supply-chain disruptionImpact: HighLikelihood: Medium
The company relies on an interdependent network of suppliers, plants and distributors.
Exposure - Foreign exchange and trade/tariff uncertaintyImpact: MediumLikelihood: High
Most revenue is outside the U.S., so currency moves and trade barriers affect results.
Exposure: Emerging and developed markets
- Cybersecurity and privacy incidentsImpact: MediumLikelihood: Medium
Digital commerce and third-party technology increase the attack surface and data exposure.
Exposure: Externally hosted systems and consumer data
Accounting
Judgemental itemsDemand is generally balanced, but holiday sales and Easter timing can move revenue between quarters.
Impact: Quarterly comparability
The company tests these assets annually and when indicators arise; weaker performance can trigger charges.
Impact: Earnings and balance sheet carrying values
Management excludes acquisitions, divestitures and currency to show underlying growth.
Impact: Reported growth versus underlying business performance
A multi-year systems transformation includes both capex and operating expense, affecting comparability.
Impact: Operating expenses, capex and cash flow
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Last updated: 24/09/2026