Mondelez International, Inc. (MDLZ) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Stand by, your program is about to begin. If you require assistance throughout the event today, please press star zero. Good afternoon and welcome to the Mondelez International 2025 Third Quarter 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 1 on your touchtone phone at any time. To remove yourself from the queue, press star 2. On today's call are Dirk van de Putt, Chairman and CEO, Luca Zaramella, 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 10K, 10Q, and 8K 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 comparable GAAP measures and GAAP to non-GAAP reconciliations within the company's earnings released and at the back of the slide presentation. We will now move to our first question. Our first question comes from the line of Andrew Lazar with Barclays. Your line is open. Great. Thanks so much. Good afternoon, everybody. Dirk, maybe to start off, I was hoping can talk a bit ...