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Snack Giant Mondelez Says Inflation Pressure Drives Global Demand for Smaller Packs

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Snack Giant Mondelez Says Inflation Pressure Drives Global Demand for Smaller Packs

Mondelez International saw broad-based demand for its snack foods in the third quarter, despite concerns about inflation and the cost of living in both developed and emerging markets, Chairman and CEO Dirk Van de Put said in a Thursday (Oct. 29) press release.

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Worldwide, Mondelez’s net revenues were up 2.3% year over year to $9.97 billion in the third quarter, according to the release.

Mondelez meets the demand for snack foods with a range of biscuits, baked snacks and chocolates. Its brands include Oreo, Ritz and Cadbury Dairy Milk, per the release.

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Mondelez’s new revenues in North America were up 1.1% to $2.85 billion, according to the release. Consumer spending in North America continued to grow, even though consumer confidence was still pressured by energy prices. Shoppers sought value channels and smaller packs, though premium and “better-for-you” options also grew, Mondelez said in a Q3 2026 Results presentation released Thursday.

“In North America, I would say consumer confidence remains soft, driven by energy and fuel prices,” Van de Put said during a Thursday earnings call. “And, to be honest, I don’t think its going to improve anytime soon. The K-shaped economy continues, where the growth is really coming from the higher-income households.”


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