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Mondelez International, Inc. (NASDAQ: MDLZ) Q1 2026 earnings conference call, held 2026-04-28. Replay captured from the company's public earnings webcast.

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Analyst, Barclays
Chairman & CEO, Mondelez International
Analyst, Bank of America Securities
COO & CFO, Mondelez International
Analyst, Morgan Stanley
Analyst, Evercore ISI
Analyst, Piper Sandler
Analyst, TD Cowen
Analyst, Mizuho Securities
Thank you for your continued patience. Your meeting will begin shortly. If you need assistance at any time, please press star zero. Any member of our team will be happy to help you. ? ? ? ¶¶ ¶¶ . . . . . ¦ ¦ ¦ Thank you for your continued patience. Your meeting will begin shortly. If you need assistance at any time, please press star zero, and a member of our team will be happy to help you. ¶¶ um um Thank you. ¶¶ ¦ ¦ ¦ Please stand by, your meeting is about to begin. Good afternoon and welcome to the Mondelez International first quarter 2026 earnings question and answer session. Your lines have been placed on listen only until it's your turn to ask a question. In order to ask a question, please press the star key followed by the number one. on your touch-tone phone at any time. To remove yourself from the queue, press star 2. On today's call are Dirk van der Putt, Chairman and CEO, Luca Zaramella, COO and CFO, and Shep Dunlap, SVP of Investor Relations. Earlier this afternoon, the company posted a press release and prepared remarks, both of which are available on its website, During this call, the company will make forward-looking statements about performance. These statements are based on how the company sees things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in the company's 10-K, 10-Q, and 8-K filings for more details on forward-looking statements. As the company discusses results today, unless noted as reported, it will be referencing non-GAAP financial measures which adjust for certain items included in the company's GAAP results. In addition, the company provides year-over-year growth on a constant currency basis unless otherwise noted. You can find the comparab...