Mondelez International stock steadies as snacking giant digests strong 2024 growth

Mondelez International stock is trading against a backdrop of solid 2024 results, with the global snacking group (ISIN US6092071058) reporting double-digit organic revenue growth and higher earnings per share as it leans on established brands such as Oreo, Cadbury, and Ritz.

Revenue up double digits in 2024

According to the companys full-year 2024 financial reporting, Mondelez International Inc. generated net revenues of roughly $38.3 billion in 2024, reflecting strong momentum in its snacking portfolio. Management highlighted that organic net revenue growth for 2024 was in the low double-digit percentage range compared with 2023, underpinned by pricing actions and resilient consumer demand in key markets.

Within that total, emerging markets remained an important growth engine. In 2024, revenues from emerging markets increased at a faster pace than the group average compared with 2023, supported by higher volumes and selective price increases in categories such as chocolate and biscuits. Developed markets also contributed to growth, although at a more moderate rate than the double-digit expansion seen overall.

Margins and earnings improve versus 2023

The company also improved profitability in 2024. Mondelez International reported that adjusted gross profit and operating income both increased versus 2023, supported by a combination of higher pricing, favorable mix toward premium brands, and ongoing cost-efficiency measures. The adjusted operating margin for 2024 was higher than in 2023, reflecting the companys ability to offset elevated input costs while investing in marketing.

On the bottom line, adjusted earnings per share rose versus the prior year. For 2024, Mondelez International reported adjusted EPS in the high $3 range, up from the low $3 range recorded in 2023, illustrating that earnings grew faster than revenue on an adjusted basis. This improvement was driven by operating leverage, lower restructuring costs, and the impact of share repurchases executed during the year.

Oreo drives biscuits strength

Mondelez International identifies biscuits and chocolate as its two largest categories by revenue, with biscuits led by Oreo, Chips Ahoy!, and Ritz. In 2024, the biscuits segment increased revenue compared with 2023, helped by share gains in several markets and continued expansion of Oreo formats, including limited-edition flavors and multipacks. Oreo remains a key global power brand and has been a contributor to the companys low double-digit organic revenue growth.

The chocolate portfolio, anchored by Cadbury and Milka, also delivered higher revenues than in 2023, supported by pricing and innovation. The combination of biscuits and chocolate gives Mondelez International a diversified revenue base across impulse purchases and at-home consumption occasions, which has been important in cushioning regional demand swings.

Mondelez International stock and market standing

Mondelez International stock is listed on Nasdaq under the ticker MDLZ and is a constituent of the S&P 500 index. As of early 2025, the companys equity value translated into a market capitalization in the tens of billions of US dollars, reflecting its position as one of the larger global packaged-foods and snacking companies.

In recent trading, Mondelez International stock has been changing hands at a level that places it within sight of its 52-week high, while still comfortably above its 52-week low, illustrating that the market continues to price in the improved earnings profile achieved since 2023.