$MDLZ

Analysis of Q2 2026 results for Kraft Heinz, Mondelēz and PepsiCo shows weaker or declining North American performance, while emerging markets grew organically between 4.4% and 8.5%. Drivers cited include tariffs, higher GLP-1 use in the US, rising private-label share, and pressured US shoppers. India, Brazil and Latin America were key growth regions; Europe was weakest for Mondelēz and Kraft Heinz.

Mondelez (Nasdaq: MDLZ) says its OREO brand will run a “Twist, Lick, Vote” campaign letting fans choose which of three limited-edition flavors returns nationally in 2027. Presales start Aug. 17, 2026 on OREO.com and TikTok Shop, with U.S. retail rollout Aug. 24. Voting runs Aug. 17 to Oct. 12, with the winner announced Oct. 13.

Bank of America analysts said US packaged food price cuts over the past year did not lift sales volumes, leading companies to pursue different revenue strategies. The bank highlighted Mondelez (MDLZ) and J.M. Smucker, and discussed peers including Kraft Heinz, Hershey, Conagra, General Mills, McCormick, Campbell Soup, and PepsiCo’s Frito-Lay. It also linked a pricing-led shift to potential factory closures.

Mondelez (MDLZ) shares rose 0.4% to $61.78 after Oreo appeared on Google’s U.S. trending searches tied to reports of products in China. The company said about 65% of Q2 organic growth came from Asia, Middle East and Africa. Mondelez raised its 2026 organic sales forecast to at least 2% and expects free cash flow near $3B.

Mondelez International said Vinay Subramanyam was appointed vice president of marketing in India, taking over from Nitin Saini, who became general manager for Indonesia in Southeast Asia. Subramanyam previously worked at Kellanova. Mondelez India president Samir Jain cited brand-building and innovation experience, as the company scales its India business.

Oreo, made by Mondelēz International, launched a limited-edition KFC fried-chicken flavored sandwich cookie in China on July 31, sold in 87g and 174g packs via JD, according to Dexerto. Separately, Frankford is preparing an Oreo ghost-shaped Halloween chocolate for Walmart this fall, according to the article. Both are new products tied to brand partnerships.

Mondelēz International said it is expanding its 2026 UK Cadbury festive range, including new Cadbury Dairy Milk Biscoff Filled Centres, a Cadbury Dairy Milk Biscoff pouch, and a Cadbury Dairy Milk Smash Bauble with Buttons or Freddo inside. It also highlighted sales timing, with 23% of Christmas confectionery sales in independent stores occurring in the first season period.

Mondelez (MDLZ) reported Q2 2026 results on July 28, beating Wall Street. Net revenue rose 4.1% to $9.36B, above $9.21B consensus, with 2.2% organic growth. Adjusted EPS was $0.73 vs $0.68 expected. Emerging markets grew 4.4% organic; Europe fell 3.5%. Management highlighted 2027 growth plans including Oreo relaunch and Biscoff partnership.

Mondelēz reported Q2 volume and mix growth of 0.7% after several quarters of decline, helped by North American biscuit innovation and wider distribution, according to Morningstar. Emerging markets drove revenue growth, with 8.2% YoY in Asia, Middle East and Africa and 15.1% in Latin America. Europe net revenue declined due to heatwaves and Easter timing effects, per Mondelēz and Morningstar.

Mondelez reported Q2 sales of $9.36B, above analysts’ $9.21B estimate, with adjusted EPS of $0.73 versus $0.68. Management attributed results to emerging-market momentum, disciplined North America promotions, and strength in biscuits and chocolates, citing India and Brazil. The article highlights analyst questions on sustainability of North America growth, Europe volume recovery, innovation scale, and distribution gains.