Mondelēz to Acquire Undercover Snacks as North America Sales Tick Up

Mondelēz International reported third-quarter North America revenue up 1.1% to $2.85 billion and said it has agreed to acquire Undercover Snacks, a quinoa crisp line with chocolate and frosted varieties. Chairman and CEO Dirk Van de Put described Undercover Snacks as an expansion in "permissible indulgence," citing its simple ingredients and opportunities to reach more households and expand distribution. The acquisition gives the snack giant a better-for-you crisp brand that fits the health-conscious end of the vending and micro market assortment. The regional picture was mixed. North America organic revenue grew 1.6%, entirely from pricing, while volume/mix was flat. Latin America posted a 12% revenue increase, with pricing contributing most of its 6.9% organic growth, while Europe declined 3.3%. Globally, Mondelēz revenue rose 2.3% to $9.97 billion, and adjusted operating income increased 17% at constant currency, helped by lower raw material costs, manufacturing productivity and pricing. The company reaffirmed its 2026 outlook of at least 2% organic revenue growth and adjusted EPS growth ranging from flat to 5% at constant currency. For operators, Mondelēz is one of the largest snack suppliers in unattended retail, and the Undercover Snacks deal signals where its portfolio is heading: pricing carries growth for now, and acquisitions are adding better-for-you brands that could land on more breakroom shelves. Source: Vending Market Watch — https://www.vendingmarketwatch.com/products/news/55415477/mondelez-international-mondelez-agrees-to-acquire-undercover-snacks-as-its-north-america-sales-rise-11