REPORTING SECOND QUARTER 2025 EARNINGS

Top-Line Growth Driven By Strong Pricing & Playbook Execution

+5.6%

Q2 Organic Net Revenue Growth

Tuesday, July 29, 2025

On July 29, 2025, we reported our second quarter 2025 results.

"We posted accelerated top-line growth in Q2 2025 underpinned by strong pricing execution in our chocolate business and robust growth across the vast majority of our geographies," said Dirk Van de Put, Chair and Chief Executive Officer. "We remain confident in our ability to deliver against our commitments amid a challenging environment, powered by the resiliency of our categories, our advantaged global footprint and the strength of our brands and capabilities. Our agile and experienced team remains focused on executing against our strategic growth agenda while continuing to delight and deliver value to our consumers."

Second Quarter Highlights1

  • Net Revenues +7.7%, Organic Net Revenues +5.6%, Volume/Mix -1.5%
  • Diluted EPS increased 8.9% to $0.49
  • Adjusted EPS was $0.73 which declined 14.5% on a constant currency basis
  • Year-to-date cash provided by operating activities was $1.4 billion and Free Cash Flow was $0.8 billion
  • Return of capital to shareholders was $2.9 billion in the first half of the year
  • Announcing +6% increase to quarterly dividend
Q2 TOP-LINE GROWTH DRIVEN BY STRONG PRICING & PLAYBOOK EXECUTION

For more information, see our press release here.

  1. Organic Net Revenue, Adjusted Gross Profit (and Adjusted Gross Profit margin), Adjusted Operating Income (and Adjusted Operating Income margin), Adjusted EPS, Free Cash Flow and presentation of amounts in constant currency are non-GAAP financial measures. Please see discussion of non-GAAP financial measures at the end of the press release for more information.