CLAIM #40001 · Mondelez International Inc (MDLZ) · 2026Q1 earnings call · Apr 28, 2026 · due Dec 31, 2026
“Having said that, you're going to see a volume and revenue inflection as we go into the second part of the year in the U.S.”
Luca Zaramella · CFO
How to check this claim
Look at: U.S. segment organic net revenue growth (volume and revenue), second half of fiscal year vs first half
It came true if: H2 2026 U.S. volume and net revenue growth rates higher than H1 2026 rates
Where: Company quarterly earnings releases / 10-Q segment disclosures (Q3 and Q4 2026 U.S. results)
In context
“For instance, Walmart, the value channel and Costco saw biscuits grow over 4% versus the total U.S. biscuit market, which was only 0.3% up. So I would say, yes, the consumer, to my opinion, will remain quite anxious. I think as the conflict continues and they see the effect of oil prices, and they will start to see in some of the other things they buy, I believe that, that is not going to help with the overall consumer confidence. But that doesn't mean that our business is not going to continue to improve, but I'll let Luca talk about that. Luca Zaramella: Yes. So look, I think the comments of Dirk, they are mostly related, I would say, to category dynamics and some of the snacking categories. And quite frankly, we haven't projected for the remainder of the year a better category number. Having said that, you're going to see a volume and revenue inflection as we go into the second part of the year in the U.S. There are already quite a few things that are working well. We are very pleased with the share of savory. We are gaining quite a bit of share, remarkably through Ritz. And some of the platforms that Dirk was referring to, namely Bits and Drizzled. But not only that, it is a really Fresh stack and some propositions in Ritz that are delivering quite nice share growth. We are extremely pleased with the performance of Sour Patch Kids. It is a brand that most likely for the year is going to grow double digit, and we have still plenty of opportunities and Chews has been an amazing innovation that is incremental. And importantly, the sales team is executing very well in channels that are growing fast, namely Club, but also, I would say, value. And so you are going to see a sequential improvement”
Verify independently
SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2026Q1 earnings call.