Mondelez reports Q3 snack revenue growth despite cocoa cost pressures

Mondelez International reported third-quarter 2025 results showing snack revenue growth despite what CEO Dirk Van de Put called “record-high cocoa cost inflation.” Van de Put said cocoa costs peaked in Q3, and pointed to moderating cocoa prices and “promising signs for a strong cocoa crop this fall” as well as the team’s “plans for volume improvement, significantly increasing growth investments, and driving meaningful cost efficiencies” to benefit the company going forward.

The company’s global net revenues rose 5.9% year-over-year, with organic net revenue up 3.4% to $9.74 billion, driven primarily by higher pricing across its core snack and biscuit portfolios, the company said.

North America, which includes the company’s leading brands like Oreo, Ritz and Clif Bar, recorded a modest 0.4% decline in reported net revenue. However, pricing actions and continued demand for convenient snacking helped stabilize demand in developed markets. Latin America and the Asia, Middle East and Africa) regions delivered the strongest growth, up 2.8% and 9.0% respectively, reflecting double-digit pricing gains.

Mondelez’s performance suggests that snacking demand for its brands remains steady even as pricing and input costs reshape category dynamics.