Mondelez International (MDLZ)
Makes Oreo biscuits, Cadbury Dairy Milk chocolate and other snacks for retail markets worldwide.
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Mondelez fills snack cupboards around the world, but most of the company rests on two shelves: biscuits and baked snacks, then chocolate. It is leaning harder into those cores and acquired cake, pastry and snack-bar businesses, while high cocoa costs squeeze what chocolate earns. Gum, meals and powdered drinks round out the portfolio rather than sharing equal weight.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
5 in detail · 17 more below

Biscuits & Baked Snacks
Cookies, crackers, cakes, pastries and snack bars form the largest business. Revenue grew 4.4% in the first half of fiscal 2026; watch whether North American biscuit demand improves as factories and distribution are modernized.
Competes with Lotus Biscoff (Lotus Bakeries) · Milano and Goldfish (The Campbell's Company)
In plain English
Start with the snack cupboard: OREO, RITZ and LU biscuits, then cakes, pastries and bars from Give & Go, Chipita, CLIF and Evirth. This is Mondelez's largest product line and reaches shoppers through supermarkets, wholesalers, convenience stores and online sellers.
Those sellers buy packaged snacks, then reorder when shelves empty. Mondelez keeps the cycle moving with advertising, store promotions, dependable delivery and choices about pack size and price. Wheat, sugar, oil, packaging and transport sit on the other side of the till, so keeping factories flowing and serving many stores on each delivery run matter almost as much as winning another purchase.

Chocolate
Chocolate is the second engine and the faster-growing of the two cores. First-half fiscal 2026 revenue rose 7.9%, but expensive cocoa still makes price increases, pack choices and shoppers' response the central watch.
Competes with KitKat, Smarties and Aero (Nestlé) · M&M's (Mars) · LINDOR and EXCELLENCE (Lindt & Sprüngli)
In plain English
A chocolate bar begins with cocoa, dairy and sugar, and lately the cocoa has been unusually expensive. Mondelez turns those ingredients into Cadbury Dairy Milk, Milka, Toblerone and other shapes and packs sold through grocery and convenience shelves.
Retailers pay for the chocolate they stock; repeat orders depend on shoppers continuing to buy after prices or pack sizes change. Mondelez can soften cost swings by arranging some ingredient prices ahead of time, but it cannot escape them. That makes this a balancing act: recover the cocoa bill without asking families to pay so much that bars sit on the shelf.

Gum & Candy
Sour Patch Kids, HALLS and the gum Mondelez kept make up the impulse-buy business. Its 10.5% first-half fiscal 2026 growth is striking but comes from a much smaller base; watch checkout traffic and sugar costs.
Competes with Skittles, Starburst and Extra (Mars) · Mentos, Chupa Chups and Trident (Perfetti Van Melle)
In plain English
Picture the few steps between joining a checkout line and paying. Small packs of candy, lozenges and gum are placed there because a shopper can add one without planning the purchase. Sour Patch Kids and HALLS anchor this part of Mondelez, alongside the gum brands it kept after selling several others.
Convenience stores, drugstores and grocers buy the packs and reorder as they sell. Wide delivery coverage and a good spot near the till help turn passing traffic into revenue; sugar, flavors, gum ingredients and packaging determine how much of each sale remains after making the product.

Meals
Philadelphia and regional cooking, spreading and baking foods form this smaller line. First-half fiscal 2026 revenue rose 9.6%; watch dairy costs and whether chilled products stay reliably cold from factory to shelf.
Competes with Kiri, The Laughing Cow and Boursin (Bel Group) · Arla Cream Cheese and Buko (Arla Foods)
In plain English
Open the refrigerator door and this is the part of Mondelez you find: Philadelphia cream cheese and regional foods used for spreading, cooking and baking. The business is sold in Europe, Asia, the Middle East, Africa and Latin America.
Grocers, restaurants and bakeries pay for products that households or kitchens use again and again. Fresh orders follow everyday meals rather than a one-off treat. The fragile link is temperature: dairy products must remain cold on the way to the shelf, while milk costs and local selling rights shape what Mondelez can offer and earn in each region.

Beverages
TANG, Bournvita and similar drink powders are the smallest business. Revenue fell 4.4% in the first half of fiscal 2026 after an annual decline; watch whether affordable packs and local distribution can stop the slide.
Competes with Milo and Nesquik (Nestlé) · Horlicks (Hindustan Unilever/Unilever)
In plain English
A tub or sachet becomes a drink only after someone stirs the powder into water or milk at home. TANG and Bournvita are the main named examples, sold outside North America through grocery stores, small local shops and distributors.
Mondelez earns when those sellers buy more powder for their shelves. Affordable pack sizes and wide local distribution do much of the work, while demand still rests on household budgets and access to water or milk. Recent declines say the line is shrinking even while the larger snack businesses grow.
Biscuits & Baked SnacksCookies, crackers, cakes, pastries and snack bars form the largest business. Revenue grew 4.4% in the first half of fiscal 2026; watch whether North American biscuit demand improves as factories and distribution are modernized.
Cookies, crackers, cakes, pastries and snack bars form the largest business. Revenue grew 4.4% in the first half of fiscal 2026; watch whether North American biscuit demand improves as factories and distribution are modernized.
In plain English
Start with the snack cupboard: OREO, RITZ and LU biscuits, then cakes, pastries and bars from Give & Go, Chipita, CLIF and Evirth. This is Mondelez's largest product line and reaches shoppers through supermarkets, wholesalers, convenience stores and online sellers.
Those sellers buy packaged snacks, then reorder when shelves empty. Mondelez keeps the cycle moving with advertising, store promotions, dependable delivery and choices about pack size and price. Wheat, sugar, oil, packaging and transport sit on the other side of the till, so keeping factories flowing and serving many stores on each delivery run matter almost as much as winning another purchase.
Competes with Lotus Biscoff (Lotus Bakeries) · Milano and Goldfish (The Campbell's Company)
ChocolateChocolate is the second engine and the faster-growing of the two cores. First-half fiscal 2026 revenue rose 7.9%, but expensive cocoa still makes price increases, pack choices and shoppers' response the central watch.
Chocolate is the second engine and the faster-growing of the two cores. First-half fiscal 2026 revenue rose 7.9%, but expensive cocoa still makes price increases, pack choices and shoppers' response the central watch.
In plain English
A chocolate bar begins with cocoa, dairy and sugar, and lately the cocoa has been unusually expensive. Mondelez turns those ingredients into Cadbury Dairy Milk, Milka, Toblerone and other shapes and packs sold through grocery and convenience shelves.
Retailers pay for the chocolate they stock; repeat orders depend on shoppers continuing to buy after prices or pack sizes change. Mondelez can soften cost swings by arranging some ingredient prices ahead of time, but it cannot escape them. That makes this a balancing act: recover the cocoa bill without asking families to pay so much that bars sit on the shelf.
Competes with KitKat, Smarties and Aero (Nestlé) · M&M's (Mars) · LINDOR and EXCELLENCE (Lindt & Sprüngli)
Gum & CandySour Patch Kids, HALLS and the gum Mondelez kept make up the impulse-buy business. Its 10.5% first-half fiscal 2026 growth is striking but comes from a much smaller base; watch checkout traffic and sugar costs.
Sour Patch Kids, HALLS and the gum Mondelez kept make up the impulse-buy business. Its 10.5% first-half fiscal 2026 growth is striking but comes from a much smaller base; watch checkout traffic and sugar costs.
In plain English
Picture the few steps between joining a checkout line and paying. Small packs of candy, lozenges and gum are placed there because a shopper can add one without planning the purchase. Sour Patch Kids and HALLS anchor this part of Mondelez, alongside the gum brands it kept after selling several others.
Convenience stores, drugstores and grocers buy the packs and reorder as they sell. Wide delivery coverage and a good spot near the till help turn passing traffic into revenue; sugar, flavors, gum ingredients and packaging determine how much of each sale remains after making the product.
Competes with Skittles, Starburst and Extra (Mars) · Mentos, Chupa Chups and Trident (Perfetti Van Melle)
MealsPhiladelphia and regional cooking, spreading and baking foods form this smaller line. First-half fiscal 2026 revenue rose 9.6%; watch dairy costs and whether chilled products stay reliably cold from factory to shelf.
Philadelphia and regional cooking, spreading and baking foods form this smaller line. First-half fiscal 2026 revenue rose 9.6%; watch dairy costs and whether chilled products stay reliably cold from factory to shelf.
In plain English
Open the refrigerator door and this is the part of Mondelez you find: Philadelphia cream cheese and regional foods used for spreading, cooking and baking. The business is sold in Europe, Asia, the Middle East, Africa and Latin America.
Grocers, restaurants and bakeries pay for products that households or kitchens use again and again. Fresh orders follow everyday meals rather than a one-off treat. The fragile link is temperature: dairy products must remain cold on the way to the shelf, while milk costs and local selling rights shape what Mondelez can offer and earn in each region.
Competes with Kiri, The Laughing Cow and Boursin (Bel Group) · Arla Cream Cheese and Buko (Arla Foods)
BeveragesTANG, Bournvita and similar drink powders are the smallest business. Revenue fell 4.4% in the first half of fiscal 2026 after an annual decline; watch whether affordable packs and local distribution can stop the slide.
TANG, Bournvita and similar drink powders are the smallest business. Revenue fell 4.4% in the first half of fiscal 2026 after an annual decline; watch whether affordable packs and local distribution can stop the slide.
In plain English
A tub or sachet becomes a drink only after someone stirs the powder into water or milk at home. TANG and Bournvita are the main named examples, sold outside North America through grocery stores, small local shops and distributors.
Mondelez earns when those sellers buy more powder for their shelves. Affordable pack sizes and wide local distribution do much of the work, while demand still rests on household budgets and access to water or milk. Recent declines say the line is shrinking even while the larger snack businesses grow.
Competes with Milo and Nesquik (Nestlé) · Horlicks (Hindustan Unilever/Unilever)
Named in filings, launches and programs
- OREOBrandA sweet-biscuit brand inside the largest product line, also used as an ingredient name on Evirth cakes.
- RITZBrandA savory-cracker brand inside Biscuits & Baked Snacks.
- LUBrandA family of biscuit brands inside Biscuits & Baked Snacks.
- CLIFBrandAn acquired snack-bar business that extends the baked-snacks range.
- Cadbury Dairy MilkBrandA principal Cadbury chocolate-tablet brand inside Chocolate.
- MilkaBrandA European chocolate brand also used in products made with Biscoff.
- TobleroneBrandA chocolate brand inside the core Chocolate business.
- Sour Patch KidsBrandA gummy-candy brand inside Gum & Candy.
- HALLSBrandA candy and lozenge brand inside Gum & Candy.
- PhiladelphiaBrandA cream-cheese brand inside Meals and an ingredient name used by Evirth.
- TANGBrandA powdered-drink brand inside Beverages.
- Give & GoBrandAn acquired North American cakes-and-pastries business inside Biscuits & Baked Snacks.
- ChipitaBrandAn acquired cakes-and-pastries business, including 7DAYS, inside Biscuits & Baked Snacks.
- EvirthBrandA majority-owned Chinese business that makes frozen cakes for retailers to thaw and sell chilled.
- Lotus Biscoff collaborationCustomer program · RampingA growing partnership for Indian biscuit distribution, co-branded chocolate and ice cream; its stated sales ambition covers both companies, not current Mondelez revenue.
- North America supply-chain modernization programEcosystem · RampingA multi-year factory, branch and distribution-center overhaul meant to improve service, flexibility and cost.
- ERP System ImplementationPlatform · RampingA regional replacement of the company's core business systems, expected to cost about $1.2 billion and finish by year-end 2028.
OREOBrand
A sweet-biscuit brand inside the largest product line, also used as an ingredient name on Evirth cakes.
RITZBrand
A savory-cracker brand inside Biscuits & Baked Snacks.
LUBrand
A family of biscuit brands inside Biscuits & Baked Snacks.
CLIFBrand
An acquired snack-bar business that extends the baked-snacks range.
Cadbury Dairy MilkBrand
A principal Cadbury chocolate-tablet brand inside Chocolate.
MilkaBrand
A European chocolate brand also used in products made with Biscoff.
TobleroneBrand
A chocolate brand inside the core Chocolate business.
Sour Patch KidsBrand
A gummy-candy brand inside Gum & Candy.
HALLSBrand
A candy and lozenge brand inside Gum & Candy.
PhiladelphiaBrand
A cream-cheese brand inside Meals and an ingredient name used by Evirth.
TANGBrand
A powdered-drink brand inside Beverages.
Give & GoBrand
An acquired North American cakes-and-pastries business inside Biscuits & Baked Snacks.
ChipitaBrand
An acquired cakes-and-pastries business, including 7DAYS, inside Biscuits & Baked Snacks.
EvirthBrand
A majority-owned Chinese business that makes frozen cakes for retailers to thaw and sell chilled.
Lotus Biscoff collaborationCustomer program · Ramping
A growing partnership for Indian biscuit distribution, co-branded chocolate and ice cream; its stated sales ambition covers both companies, not current Mondelez revenue.
North America supply-chain modernization programEcosystem · Ramping
A multi-year factory, branch and distribution-center overhaul meant to improve service, flexibility and cost.
ERP System ImplementationPlatform · Ramping
A regional replacement of the company's core business systems, expected to cost about $1.2 billion and finish by year-end 2028.




