Packaged snacks company Mondelez (NASDAQ: MDLZ) will be reporting earnings this Tuesday after the bell. Here’s what you need to know.

Mondelez beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $8.98 billion, up 7.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a narrow beat of analysts’ revenue estimates.

Is Mondelez a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Mondelez’s revenue to grow 5.5% year on year to $9.71 billion, improving from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mondelez has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Mondelez’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Lamb Weston posted flat year-on-year revenue, beating analysts’ expectations by 2.6%, and Conagra reported a revenue decline of 5.8%, topping estimates by 0.7%. Lamb Weston traded up 11.4% following the results while Conagra was also up 5%.

Read our full analysis of Lamb Weston’s results here and Conagra’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the shelf-stable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Mondelez is down 3% during the same time and is heading into earnings with an average analyst price target of $72.21 (compared to the current share price of $60.77).

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