Mondelez Expected to Post In-Line Q2 as Global Strength Offsets US Weakness, RBC Says

MT Newswires Live
07/26

Mondelez International (MDLZ) is expected to report "in-line" Q2 results, with ongoing weakness in its North American business likely offset by strength in emerging markets and pricing in Europe, RBC Capital Markets said in a note Friday.

The firm expects "below consensus organic growth" in North America, citing soft consumer demand and continued retailer destocking. The firm's channel checks indicate sustained weakness in the US packaged food and snacking.

In Europe, Mondelez is raising chocolate prices to offset elevated cocoa costs. While RBC is monitoring potential pressure on consumers in the region, it said elasticities remain low and stable.

Despite cocoa prices staying high, Mondelez is fully hedged for the year and should "deliver profitability in-line" with guidance.

However, the brokerage flagged reduced confidence in fiscal 2026 earnings per share growth if pricing relief doesn't materialize.

RBC has an outperform rating on the company's stock with a $71 price target.

Price: 70.44, Change: +0.25, Percent Change: +0.36

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10