RBC Previews Mondelez Q3 Earnings, Sees EPS Below Expectations
RBC expects Mondelez revenue to match consensus and EPS to come in slightly below expectations. It says full-year guidance remains achievable and notes North American tracked-channel sales growth of 1.1%, down from 2% in the prior quarter; Europe remains in line with expectations. RBC maintains an outperform rating and a $66 price target.
In a note published on October 26, 2026, RBC Capital Markets provided a preview of Mondelez International's upcoming third-quarter financial results. The firm anticipates that the company will report revenue consistent with consensus estimates, while earnings per share could be slightly below market expectations. RBC noted that management's full-year guidance remains achievable and highlighted the company's potential to replicate the success of its Oreo brand model across its broader portfolio.
The analysis also noted softer sales growth in North American tracked channels, which rose 1.1% in the third quarter compared to 2% in the previous quarter, while performance in Europe remains in line with expectations. RBC maintains an outperform rating on the stock with a $66 price target.