Can Mondelez's Organic Growth Momentum Continue Through 2026?

Mondelez International, Inc. MDLZ closed the first half of 2026 with organic revenue growth supported by improving volume/mix and continued pricing. Growth in the second quarter was broad across three of its four regions, while Europe showed signs of improvement. This momentum prompted the company to raise its full-year organic net revenue growth outlook.

Organic net revenues increased 2.2% in the second quarter, with volume/mix contributing 0.7 percentage points and pricing adding 1.5 points. Excluding the impact of package downsizing, underlying volume/mix was about 1.2 points. For the first six months of 2026, organic net revenues rose 2.6%, including 0.1 point from volume/mix and 2.5 points from pricing.

Emerging Markets grew 4.4% organically in the second quarter, supported by 1.6 points of volume/mix. North America advanced 3.4%, with volume/mix up 1.2 points. AMEA delivered 7.1% growth, including a 5.2-point volume/mix contribution, while Latin America increased 8.4%. The Latin America result included an approximately 1.5-point benefit from higher trade inventory ahead of the SAP S4 implementation in the mid-third quarter.

Europe remained softer, with organic revenues down 3.5% and volume/mix declining 2.1 points, largely reflecting lower chocolate volumes tied to unusually hot weather. The Zacks Rank #3 (Hold) company expects European volumes to improve through the second half.

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Mondelez now expects at least 2% organic net revenue growth for 2026 compared with its previous outlook of flat to a 2% increase. Continued positive volume/mix, strength across Emerging Markets and North America and further improvement in Europe are the key elements supporting that higher full-year growth expectation.

Shares of MDLZ have rallied 15.5% year to date, outpacing the industry’s growth of 5%.

Better-Ranked Stocks to Consider

Darling Ingredients Inc. DAR, a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here

The Zacks Consensus Estimate for Darling’s current fiscal-year sales calls for 12.8% growth from the prior-year levels. The consensus estimate for current fiscal-year earnings per share (EPS) stands at $6.98, which implies substantial growth from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.

The Vita Coco Company, Inc. COCO, a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1. COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average.

The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and earnings calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.

US Foods Holding Corp. USFD engages in the marketing, sale and distribution of fresh, frozen and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2 (Buy). US Foods Holding delivered a trailing four-quarter earnings surprise of 1.5%, on average.

The Zacks Consensus Estimate for US Foods Holding’s current fiscal-year sales and earnings implies growth of 5.3% and 16.3%, respectively, from the year-ago figures.

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This article originally published on Zacks Investment Research (zacks.com).

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