Revenue Growth Driven by Top-Line Expansion
Revenue grew 8.2% YoY from $9.31B to $10.08B in Q1 FY2026, suggesting strong pricing power and/or volume gains across Mondelez's global snacking portfolio. This top-line momentum outpaced cost of revenue growth of 5.7%, contributing to gross profit expansion.
Gross Margin Improvement Reflects Favorable Cost Mix
Gross margin improved by approximately 1.7 percentage points YoY to 27.8%, as revenue growth of 8.2% outpaced cost of revenue growth of 5.7%. This indicates improved operating leverage or easing input cost pressures relative to the prior year period.
SG&A Expense Growth Outpacing Revenue
SG&A expenses rose 12.0% YoY to $1.916B, growing faster than revenue (8.2%), which may reflect increased marketing investment, higher compensation costs, or integration expenses. Despite this, operating income still grew 18.8% to $808M.