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BUZZ-Keurig Dr Pepper gains on higher Q4 profit, net sales

Reuters
Feb 25, 2025
BUZZ-Keurig Dr Pepper gains on higher Q4 profit, net sales

** Shares of beverage company Keurig Dr Pepper KDP.O up 3.5% at $35.3 premarket

** Company expects its 2025 adjusted EPS to grow in high-single digit, compared with analysts' average estimate of a 6.2% increase, according to data compiled by LSEG

** Q4 net sales rise 5.2% to $4.07 billion

** On an adjusted basis, KDP earns 58 cents per share, up 5.5% over the year earlier. Analysts estimate 57 cents

** "We gained market share through exciting innovation, marketing and activation across our carbonated soft drinks and coffee brands, drove win-win outcomes with partner brands such as Electrolit and C4" - CEO Tim Cofer

** Bigger rival Coca-Cola KO.N beat profit and revenue expectations on the back of price hikes earlier this month

** KDP stock fell 3.6% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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