REPORTING THIRD QUARTER 2026 EARNINGS

Strong Execution With Volume Driven Top-Line Growth And Profit Dollar Expansion

+2.1%

Q3 Organic Net Revenue Growth

Thursday, October 29, 2026

On October 29, 2026, we reported our third quarter 2026 results.

“We delivered strong third-quarter results, driven by broad based volume growth and robust share performance. We continue to see top- and bottom-line growth momentum across both developed and emerging markets, while significantly reinvesting in our brands, innovation, and distribution,” said Dirk Van de Put, Chairman and Chief Executive Officer. "We are resolute in delivering volume-led, compounding earnings growth that creates value for shareholders. We remain confident that our attractive categories, iconic brands, advantaged geographic footprint, and consumer-centric capabilities will sustain our performance for years to come.

Additionally, we are delighted to announce our recent agreement to acquire Undercover Snacks, a delicious, crunchy quinoa crisp line that highlights our continued expansion in the high-growth permissible indulgence segment. With chocolate and frosted varieties containing simple ingredients, Undercover Snacks is rapidly earning strong consumer preference and has a clear runway to expand household penetration and distribution.”

Third Quarter Highlights1

  • Net Revenues +2.3%, Organic Net Revenues +2.1%, Volume/Mix +1.8%
  • Diluted EPS increased +78.9% to $1.02
  • Adjusted EPS was $0.78 which increased +5.5% on a constant currency basis
  • Year-to-date cash provided by operating activities was $2.6 billion and Free Cash Flow was $1.7 billion
  • Return of capital to shareholders was $2.8 billion through the third quarter of the year

STRONG EXECUTION WITH VOLUME DRIVEN TOP-LINE GROWTH AND PROFIT DOLLAR EXPANSION IN Q3

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.